Dell Opts to Go Private

As of later this year, computer maker Dell will no longer be a publicly traded company. CEO and founder Michael Dell announced he’ll take the company private in a deal worth an estimated $24.4 billion.

The company has been trying to shift is focus from selling personal computers, which is currently Dell’s main source of revenue, to offering a complete range of enterprise computing services.

“This is an opportunity for Michael Dell to be a little more flexible managing the company,” FBN Securities analyst Shebly Seyrafi told Reuters. “That doesn’t take away from the fact they will have challenges in the PC market like they did before.”

You can read more about Michael Dell’s plans to take the company private at reuters.com.