Dell Buyout Takes Computer Giant Private, Photos Of Michael Dell And His Company Over The Years [PHOTOS]

on February 05 2013 12:26 PM
  • Michael Dell
    Michael Dell, CEO of Dell Inc. (Nasdaq:DELL). Reuters
  • Michael Dell
    Dell Computer Corporation Chairman and CEO Michael Dell talks to the media during a CEO Summit press conference at the Microsoft Campus in Redmond, Washington, May 19, 1999. CEOs seated from left to right, Paul O'Neill/ALCOA, Martha Stewart/Martha Stewart Living Omnimedia LLC, Dell, Bill Gates/Microsoft. More than 100 of the world's top global business leaders and CEOs gathered at the software giant's headquarters to discuss exploring emerging technology and the digital future. Reuters
  • Michael Dell
    President and CEO of Dell Computers, Michael Dell, delivers his key note address at Comdex, November 13, 2000 in Las Vegas. Reuters
  • Michael Dell
    Dell Chairman and CEO Michael Dell speaks at a news conference in Kuala Lumpur May 8, 2001. Reuters
  • Michael Dell
    Michael Dell (R), chairman & CEO of Dell Computer Corporation, makes a point during a session on future business challenges at the World Economic Forum in New York, February 4, 2002. Peter Brabeck-Letmathe, CEO of Nestle, lookson at left. Reuters
  • Michael Dell
    Michael Dell, chairman of Dell Inc., listens to a Dr. Evil character at Dell's keynote address at the 2007 International CES (Consumer Electronics Show) in Las Vegas, Nevada January 9, 2007. Reuters
  • Michael Dell
    Students from the Hacienda La Puente Unified School District in show Michael Dell, (center) chairman of Dell Inc., how to take apart and reassemble a computer, on December 6, 2004 in La Puente, California. Reuters
  • Michael Dell
    Michael Dell, chairman and CEO of Dell Inc., poses during a ceremony where he donated a collection of materials relating to the company's history to the Smithsonian National Museum of American History, in Washington May 9, 2007. Reuters
  • Michael Dell
    Michael Dell, chief executive of Dell Inc., speaks during a news conference in New Delhi August 13, 2008. Reuters
  • Michael Dell
    Dell founder and CEO Michael Dell displays a Dell tablet computer during his keynote address at a conference in San Francisco Reuters
  • Dell
    Dell Inc Chairman and CEO Michael Dell smiles during the Web 2.0 Summit in San Francisco Oct. 18, 2011. Dell Inc.'s future remains uncertain as the CEO races on Thursday to woo shareholders to accept his $24.4 billion proposal to take the aging computer giant private. Reuters
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Computer tech giant Dell reached a $24.4 billion buyout deal that will take the company private. Led by its founder and chief executive, Michael Dell, the deal is the biggest leveraged buyout since the 2008 financial crisis.

According to the agreement, announced on Tuesday, shareholders will receive $13.65 per common share in a deal that will allow Dell and the private-equity firm Silver Lake Partners to acquire the company.

Reports indicated that Microsoft, which provides software for Dell computers, is also part of the investment consortium, and will invest $2 billion in the deal. Dell will also roll over his estimated 16 percent stake, and invest some of his own money so he has control of the company.

Dell Inc. made its public debut in June 1988, when its initial public offering set shares at $8.50. The move saw Dell’s market capitalization grow from $30 million, to $80 million.

In 1992, Fortune magazine included Dell in its list of the world's 500 largest companies, making Michael Dell, at the time, one of the youngest CEOs of a Fortune 500 company.

Now, that Dell has gone private, take a look at the Round Rock, Texas, company over the years.

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