Michael Dell buys back PC company he founded in $24.8bn deal

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Michael Dell has the won the battle for control of the computer company that he created, after shareholders backed his $24.8bn (£15.7bn) offer to take Dell private and revive the struggling business away from the incessant pressure of Wall Street.

The vote clears the way for the huge buyout, in which Dell is working with private equity partners Silver Lake after seeing off a challenge from activist investor Carl Icahn.

Read more: Michael Dell buys back PC company he founded in $24.8bn deal

Story added 13. September 2013, content source with full text you can find at link above.