It has come to light today that the long awaited acquisition by Michael Dell and Silver Lake of Dell is now complete. The company is now a Private Limited company and the shares from the shareholders have been returned.
Michael Dell pitched the idea of taking the company private back in August last year, and the process has been in progress since then. Today, the process of taking Dell private is complete. The acquisition costed $24.4 billion and the acquisition was done along with Michael Dell and Silver Lake today. Interestingly, the acquisition was supported by Microsoft, to help long term success of the PC manufacturing industry.