Jakarta (ANTARA News) - Dell Incorporated founder, Michael Dell, agreed to pay 24.4 billion dollars to pull it from the computer manufacturer's public company status become private companies.
Dell's withdrawal as a public company, as quoted by The Wall Street Journal, aiming to boost the value of a company based in Texas U.S.
Michael Dell partners with private equity firm Silver Lake Partners in a Dell buyback worth 13.65 U.S. dollars per share from investors.
Share repurchase Dell agreed to by most shareholders Dell ended the existence for 24 years as a public company.
Reuters reported Dell leaders will continue the company's strategy to expand the business into a software product services for large companies.
Dell also targets itself as a full service provider to enterprise customers that will rival IBM.
Michael Dell, who previously had a 14 per cent stake will lead the company as managing director and invest additional to the company.
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