Dell is among the world leaders for manufacturing PC, mobile, tablets, and other hardware accessories. The company, headquartered in Round Rock, Texas, has about 160,000 employees around the world. The buyout of Dell Computers was completed in October 2013. Michael Dell—the company’s founder and chief executive officer (CEO)—and Silver Lake Partners took the company private for $24.4 billion. The company's shares were delisted from both the Nasdaq and the Hong Kong Stock Exchange before going private. After spending more than five years as a private company, Dell went public again in 2018. The company did so by repurchasing tracking shares in software company VMWare. The deal was worth roughly $24 billion. Michael Dell said he was able to transform the company while it was private. Dell shares began trading on the New York Stock Exchange (NYSE) at $46. As of March 25, 2020, the company's market capitalization was estimated at $28.3 billion. Required Prior to the buyout in October, 2013, Dell Computers was a Public Limited Company. Later Michell Dell (CEO) and Silver Lake Partners took the company private. Discuss any factors that could have prompted Michell Dell to make such a critical decision?
Dell is among the world leaders for manufacturing PC, mobile, tablets, and other hardware accessories. The company, headquartered in Round Rock, Texas, has about 160,000 employees around the world. The buyout of Dell Computers was completed in October 2013. Michael Dell—the company’s founder and chief executive officer (CEO)—and Silver Lake Partners took the company private for $24.4 billion. The company's shares were delisted from both the Nasdaq and the Hong Kong Stock Exchange before going private.
After spending more than five years as a private company, Dell went public again in 2018. The company did so by repurchasing tracking shares in software company VMWare. The deal was worth roughly $24 billion. Michael Dell said he was able to transform the company while it was private. Dell shares began trading on the New York Stock Exchange (NYSE) at $46. As of March 25, 2020, the company's market capitalization was estimated at $28.3 billion.
Required
- Prior to the buyout in October, 2013, Dell Computers was a Public Limited Company. Later Michell Dell (CEO) and Silver Lake Partners took the company private. Discuss any factors that could have prompted Michell Dell to make such a critical decision?
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