Dell Goes Private, Receives $2 Billion Loan From Microsoft

The rumors were spot on. Earlier today, we reported that Microsoft might be meeting with Dell to discuss a potential investment of between $1 billion to $3 billion in a bid to privatize the struggling company. And hours after the report, Dell is announcing that it has signed a definitive merger agreement that will give the company back to Micheal Dell's hands, in partnership with global technology investment firm Silver Lake. Under the terms of the agreement, Dell stockholders will receive $13.65 in cash for each share of Dell common stock they hold – a transaction valued at approximately $24.4 billion.

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