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Dell closing on deal to go private

  (Dell)
  (Dell)
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Updated: 2/05 7:31 am
Dell is closing in on a deal to take itself private for $23 billion.

According to a report by the Wall Street Journal, founder and CEO Michael Dell would put on the table his 16% stake, valued at $3.6 billion, using $700 million from an investment arm.

By going private, Dell can decide how they are going to allocate investments outside the scrutiny of public shareholders.
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