Dell announced plans Tuesday to go private in a deal that is worth $24.4 billion.

[sinkingfeeling]

http://money.cnn.com/2013/02/05/technology/enterprise/dell-lbo/index.html?hpt=hp_t3

In a partnership involving private equity firm Silver Lake Partners, Microsoft (MSFT, Fortune 500) and company founder Michael Dell, the group hopes to buy the computer maker for $13.65 a share. That's slightly higher than where the stock closed Monday but is 25% higher than where Dell was trading before rumors of the buyout began to surface in mid-January.

The once mighty Dell has struggled to compete in an ailing and increasingly competitive PC market. Dell (DELL, Fortune 500) lost a third of its market value in 2012 and failed to keep up with rivals like Apple (AAPL, Fortune 500) and Samsung, both of which have done a much better job adapting to the "post-PC" landscape with tablets and smartphones.

[onehandle]

1. Republican company gets what it deserves. nt

[joeybee12]

3. +1

Yup, all those contributions to Repuke scum is coming back to haunt them.

[thelordofhell]

2. private equity firm Silver Lake Partners

Hint for Dell employees.........take out your pensions and polish up your resumes........your company is about to be gutted

[jsr]

4. Without a doubt.

[d_r]

5. microsoft owning dell

Pair closed source software
Proprietary hardware
As bad as apple