Regulators give nod to Dell privatisation

Summary:Company has cleared all the regulatory hurdles needed to return the company to Michael Dell and Silver Lake.

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 analyst call last month , 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, is expected to contract by 10 percent in 2013.

Topics: Tech Industry, Dell, PCs

About

Chris started his journalistic adventure in 2006 as the Editor of Builder AU after originally joining CBS as a programmer. After a Canadian sojourn, he returned in 2011 as the Editor of TechRepublic Australia, and is now the Australian Editor of ZDNet.

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