Dell announced today that it has cleared all the regulatory requirements needed to get approval to complete the deal with delist the computer giant and take the company private.
"Dell today announced that it has received all necessary pre-merger regulatory clearances for the consummation of the merger transaction in which Michael Dell, Dell's Founder, Chairman and CEO, will acquire Dell in partnership with global technology investment firm Silver Lake Partners." the company said in a short announcement on its website.
The US$24.9 billion move to privitise the company is expected to close before the end of Dell's next year, ending November 1, 2014.
In an, Michael Dell said the company will continue to expand its enterprise and services development, will look to expand in emerging markets, and will be "investing in PCs, tablets, and the virtual computing market."
The global PC market, that has tradtionally been Dell's bread and butter, isby 10 percent in 2013.