Dell Plans to Go Private in Deal Worth $24.4 Billion

UPDATE: After weeks of rumors, Dell announced Tuesday that it is officially planning to go private. The company will pay shareholders $13.65 a share in cash, in a deal worth about $24.4 billion.

Michael Dell, the company's founder, is financing the deal along with private equity firm Silver Lake. Microsoft also loaned $2 billion towards the deal.

The deal still needs to be approved by the company's shareholders.

Dell's board met Monday night to vote on a $24 billion offer to take the company private, according to a report.

According to Bloomberg, the deal may be announced Tuesday morning. The report adds that the offer puts Dell's value at $13.50 to $13.75 a share. Dell closed Mo…
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