"Slumping personal computer maker Dell is selling itself for $24.4 billion to its founder and a group of investors that includes Microsoft," The Associated Press writes, in "the largest deal of its kind since the Great Recession dried up financing for risky maneuvers like this."
The wire service adds that "the complex agreement announced Tuesday will end Dell Inc.'s nearly 25-year history as a publicly traded company. Shareholders are receiving $13.65 per share for their stock. ... Founder Michael Dell will remain the company's CEO and largest shareholder."
On Morning Edition, NPR's Steve Henn previewed the news and said that analysts aren't sure the deal will make the company more competitive. As Steve reported:
Copyright 2016 NPR. To see more, visit http://www.npr.org/.