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Thursday, October 31, 2013

Dell buyout saga is over…

Dell Inc. is no longer a publicly-traded company. It sealed a $24.9 billion buyout deal that will take the company private. Dell Inc. delisted from the NASDAQ at the close of Tuesday's trading, as founder Michael Dell and private equity house, Silver Lake completed their controversial buyout of the struggling PC maker. Like its rivals, Dell got sideswiped by the speed of decline in PC sales globally in past years, as consumers increasingly chose to spend on ever-more powerful smartphones and ultra-light tablet computers.   click to read full article   source: CompTIA SmartBrief & Reuters News Agency

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