Michael Dell Wins Approval to Take Dell Private

After a quarter century as a public company, Dell will go private again

Dell's shareholders approved a proposal from co-founder Michael Dell and Silver Lake Management to buy out the company for $24.9 billion and take it private. The decision caps off more than a year of back-and-forth negotiations on a possible deal.

“I am pleased with this outcome and am energized to continue building Dell into the industry’s leading provider of scalable, end-to-end technology solutions,” Mr. Dell said in a statement after the vote. “As a private enterprise, with a strong private-equity partner, we’ll serve our customers with a single-minded purpose and drive the innovations that will help them achieve their goals.” Read more...