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Dell Seeks $24.4B Buyback To Go Private
2013-02-05 12:55:15

Enid Burns for redOrbit.com — Your Universe Online Recovery comes at a price, and for Dell Inc. that price is $24.4 billion to finance a buyback and take the company private. The struggling computer manufacturer believes it can make a recovery but thinks in order to do so its operations and business decisions need to be free of the scrutiny of shareholders. With help from equity firm Silver Lake Partners, company founder and CEO Michael Dell will finance the $24.4 billion buyout to...


Word of the Day
omadhaun
  • A fool; a simpleton: a term of abuse common in Ireland and to a less extent in the Gaelic-speaking parts of Scotland.
This word is partly Irish in origin.