ROUND ROCK, Texas (AP) — Slumping personal computer maker Dell is selling itself for $24.4 billion to its founder and a group of investors that includes Microsoft.
It's the largest deal of its kind since the Great Recession dried up financing for risky maneuvers like this.
The complex agreement announced Tuesday will end Dell Inc.'s nearly 25-year history as a publicly traded company. Shareholders are receiving $13.65 per share for their stock.
The deal reflects Dell's desire to engineer a turnaround attempt away from the glare and financial pressures of Wall Street.
Founder Michael Dell will remain the company's CEO and largest shareholder. He already owned a nearly 16 percent stake in the company, which is based in Round Rock, Texas.
Microsoft Corp. is taking part in the deal with a $2 billion loan.
Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
On Wednesday evening just before 6:00, Flora Assistant Police Chief Guye Durre was struck by a semi on Highway 50 and North Stanford in Flora while in his squad car.
Hoosier Lottery fans will have a shot at winnings multiple millions this week.
A Parke County accident kills one, and sends another to the hospital.
Court Documents show what led to the murder of 17 year old Devan Burris of Washington, Indiana.
A November case of armed robbery lands one man behind bars. The suspect appeared in court Monday morning.
Vincennes city leaders are moving forward, once again, to try to demolish the Executive Inn.