The U.S. Company DELL Inc. which is owned by the Billionaire CEO Michael Dell confirmed a deal for the company. Currently Micheal Dell is a 16 per cent shareholder of the company, and he is planning to make it a private company again to be owned by himself, Microsoft and Silver Lake (an American equity firm).
The move of Dell to be private is a plan to revive the company who was experiencing a downfall of sales in the global market and have received a lot of bad feedback from Wall Street. DELL Inc. which was named after its Billionaire owner and DELL’s CEO Michael Dell is one of the biggest computer companies in the world -they rank third in the U.S. from the computer providers like Hewlett-Packard Co. (HP) and Lenovo.
Everywhere in the world the Personal Computer (PC) has been a commodity in government offices, banks, schools, hospitals, and in individual homes. Since the modernization in the 21st century, more and more computers are generated in countries like the United States, China, and Japan. Even though technological business is in demand, it could not guarantee a computer company like DELL to maintain its sales in the market because the competition is tough. More rivals are making their way to the business, like the giant company Apple who also develops technological gadgets that would rival HP, DELL, Lenovo, and other known brands.
The initiative of DELL’s deal to go private is one that requires the company to cut its costs and have more innovations in the products that they would offer. The said deal is not quite easy to attain and it is still yet to be approved by the shareholders. The company’s executives have also detailed to the media that even if the company would be one of the private entities, it would still continue to progress and develop their services and software that would cater for big companies. The said deal would also sum up to $24.4 billion (around £15.5billion).