NPR : News

Filed Under:

    Dell Seals $24.2 Billion Buyout Deal; Founder Among Buyers

    "Slumping personal computer maker Dell is selling itself for $24.4 billion to its founder and a group of investors that includes Microsoft," The Associated Press writes, in "the largest deal of its kind since the Great Recession dried up financing for risky maneuvers like this."

    The wire service adds that "the complex agreement announced Tuesday will end Dell Inc.'s nearly 25-year history as a publicly traded company. Shareholders are receiving $13.65 per share for their stock. ... Founder Michael Dell will remain the company's CEO and largest shareholder."

    On Morning Edition, NPR's Steve Henn previewed the news and said that analysts aren't sure the deal will make the company more competitive. As Steve reported:

    "For Michael Dell to take the company he founded almost 30 years ago private, it will have to borrow in the neighborhood of $15 billion." That debt will be a drain on Dell's cash.

    Copyright 2013 NPR. To see more, visit http://www.npr.org/.

    NPR

    Reflecting On Football And Addiction As 'Friday Night Lights' Turns 25

    Twenty-five years ago, Buzz Bissinger wrote about the big-time stakes of small-town high-school football in Friday Night Lights. Now he talks about the impact the book had on the players and himself.
    NPR

    Confronting A Shortage Of Eggs, Bakers Get Creative With Replacements

    Eggs are becoming more expensive and scarce recently because so many chickens have died from avian flu. So bakers, in particular, are looking for cheaper ingredients that can work just as well.
    NPR

    President Obama Unveils New Power Plant Rules In 'Clean Power Plan'

    Key elements of the Clean Power Plan include a requirement that would cut the power industry's carbon pollution by 32 percent below 2005 levels in the next 15 years.
    NPR

    Group Offers To Help Revive HitchBOT That Was Vandalized In Philadelphia

    A kid-sized robot that's built around a PVC bucket and sports a friendly face, the hitchBOT couldn't make it out of Philadelphia in one piece.

    Leave a Comment

    Help keep the conversation civil. Please refer to our Terms of Use and Code of Conduct before posting your comments.