Everything You Need to Know About the Dell Buyout
February 5, 2013
After weeks of rumored talks, Dell has announced its sale to Microsoft, Silver Lake Partners, and founder Michael Dell for $24.4 billion, the biggest leveraged buyout since the 2008 financial crisis. The company went for $13.65 per share to its investors, according to DealBook's Michael De La Merced. Dell will own the largest stake at 16 percent, valued at $3.7 billion, after the transaction. In addition, Microsoft put in $2 billion, Silver Lake put in another $1 billion and BofA Merrill Lynch, Barclays, Credit Suisse and RBC Capital Markets put in a $15 billion debt financing package, as well. For those just catching up to the weeks of rumors, here's what it all means: