Dell hopes it can soon get back to what it is best at- building quality PCs.
Dell announced in a short press release today that it has received the regulatory clearances to become privatised.
"Dell today announced that it has received all necessary pre-merger regulatory clearances for the consummation of the merger transaction in which Michael Dell, Dell"s Founder, Chairman and CEO, will acquire Dell in partnership with global technology investment firm Silver Lake Partners."
The $24.9 billion transaction is expected to be completed before the end of third quarter in the 2014 fiscal year. The announcement means that it is almost certain the struggling company will be delisted from NASDAQ and handed back to company founder and CEO Michael Dell.
So what exactly does this mean for Dell, and its major investor Microsoft? By going private, Dell won’t have to deal with quarterly earnings reports. It can rebuild the company without the worry of shareholders who are looking to benefit from risky ventures. Just last month, we announced these shareholders were happy for the plan to go ahead- considering they received $13.75 in return for each share and an additional $0.13 for each dividend.
From here on end, Michael Dell says the company will hopefully recover through continued expansion of its enterprise and services development. He hopes that investment in the "PC, tablet, and the virtual computing", industries in emerging markets will also be the key to recovery.
Source: Dell | Image via Dell