Through financing (with the assistance of Microsoft) and investment of his own capital, Michael Dell moves to complete the management buyout of his original company.
Yet the buyout — which was announced on Tuesday and would be the biggest by far since the days of the recession — is a huge gamble. It will saddle Dell with $15 billion of new debt, and it does nothing to divert the forces reshaping the technology industry and undercutting the company’s business.>>NYTimes
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