Founder Michael Dell: Dell computers to be bought back

8:36 PM / Posted by Megaan /


Michael Dell has supposed he will buy back the world's number three PC-maker that he founded and that carries his name. The move will take Dell off the NASDAQ stock exchange after 25 years. Dell's success over the last 29 years has through its founder one of the richest men in America. The chief executive and chairman already own about 14% of the firm. He and fellow senior executives will retain their existing stakes.


Microsoft provides the Windows operating systems for Dell's computers, as well as for opponent PC makers such as Hewlett Packard. Mr. Dell hopes to turn the tide for a firm that has struggled to compete with cheap Asian rivals and the boom in smart phones and tablet computers. The buy-out of the remaining shares will be conceded out by a consortium made up of Mr. Dell himself, his own investment fund, and Silver Lake.

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