Dude, you’re getting a buyout!
That was the message from regulators today as Dell announced that it has received “all the necessary regulatory clearances” to proceed with a buyout plan that would take the computer manufacturer private.
The move comes amid a continually softening PC market, as tablets continue to eat away at PC shipments worldwide. Michael Dell seems to be hoping that going private will help him to reinvent the company to better face market pressures.
Shareholders had already approved the buyout deal, but federal regulators needed to clear Michael Dell and investment firm Silver Lake Partners before they could proceed. Now, Silver Lake and Dell will begin the process of actually executing the $25 billion buyout deal.
In a press release, Dell said that the transaction was expected to close by the end of the third quarter of Dell’s 2014 fiscal year.
