Michael Dell buys back PC company he founded in $24.8bn deal
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.
The move comes as traditional PC companies struggle to make money in a market that is rapidly shrinking, with the latest forecasts showing that PC sales will be overtaken by tablets for the first time in the final quarter of this year.
