Garrett Kitchen
February 5, 2013
Language Arts
Dell in $24 Billion Deal to
Go Private
De La Merced, Michael J.
nytimes.com
February 5, 2013
Business
http://dealbook.nytimes.com/2013/02/05/dell-sets-23-8-billion-deal-to-go-private/?hp
Today Dell came out and said that it is going private in a 24.4 billion dollar deal (nytimes.com) with Microsoft and the investment company Silver Lake along with other companies who are a part of the deal. Dell is going through with this deal because for the last few years the company has been on a financial decline. The companies will pay 13.5 dollars per share in cash (nytimes.com). Additionally Microsoft is giving another 2 billion and Silver Lake another 1 billion (nytimes.com). This is another attempt of Dells to revive itself. Dell and Microsoft are major business partners, and Microsoft would have a lot to lose if Dell went under. Betting 700 million and his own stake in the company (nytimes.com), Michael Dell will keep control of his company if its own shareholders go along with the deal.
Directly this deal doesn't have a large effect on my life, with this in mind if Dell goes under it could affect the price of other products that dell sells the hardware for, or people may have to buy products that Dell made, elsewhere and for a larger price. Personally I am glad that Dell is trying to save itself, because it would be a depressing icon for a bad economy if it went bankrupt. Although if it did go bankrupt I think Microsoft or Google would buy it out. Unfortunately, even with the revival attempts, I think Dell will go bankrupt and be bought or disappear in the next five years, especially with the US’s current bad economy. This article wasn't bias in the slightest; it had many great facts about Dell without opinion in between.
nytimes.com
February 5, 2013
Business
http://dealbook.nytimes.com/2013/02/05/dell-sets-23-8-billion-deal-to-go-private/?hp
Today Dell came out and said that it is going private in a 24.4 billion dollar deal (nytimes.com) with Microsoft and the investment company Silver Lake along with other companies who are a part of the deal. Dell is going through with this deal because for the last few years the company has been on a financial decline. The companies will pay 13.5 dollars per share in cash (nytimes.com). Additionally Microsoft is giving another 2 billion and Silver Lake another 1 billion (nytimes.com). This is another attempt of Dells to revive itself. Dell and Microsoft are major business partners, and Microsoft would have a lot to lose if Dell went under. Betting 700 million and his own stake in the company (nytimes.com), Michael Dell will keep control of his company if its own shareholders go along with the deal.
Directly this deal doesn't have a large effect on my life, with this in mind if Dell goes under it could affect the price of other products that dell sells the hardware for, or people may have to buy products that Dell made, elsewhere and for a larger price. Personally I am glad that Dell is trying to save itself, because it would be a depressing icon for a bad economy if it went bankrupt. Although if it did go bankrupt I think Microsoft or Google would buy it out. Unfortunately, even with the revival attempts, I think Dell will go bankrupt and be bought or disappear in the next five years, especially with the US’s current bad economy. This article wasn't bias in the slightest; it had many great facts about Dell without opinion in between.
No comments:
Post a Comment