Michael Dell has said that he will buy back the world’s number three PC manufacturer that he founded and that carries his name for $24.4bn (£15.5bn).
Mr Dell, together with technology private equity investor, Silver Lake, will offer $13.65 cash per share.
The firm said it offered a 25% premium over the Dell’s valuation in January when rumours of the deal first broke.
The buy-out of the Nasdaq-listed firm will be financed by loans from four banks, and a $2bn loan from Microsoft.
Mr Dell, who is also chief executive and chairman of the firm, already owns about 14% of the company. He and fellow senior executives will retain their existing stakes.
Source: BBC News