There are plans to re-buy Dell Computers by its founder, Michael Dell, who already owns about 14 per cent of the company he founded long ago.

Dell has said he would buy back the world's number three PC-maker, which he founded and carries his name.

Along with technology investor Silver Lake, and with financial backing from Microsoft, he is offering to buy the firm for $24.4 billion.

According to report, the move will take Dell off the NASDAQ stock exchange after 25 years.

Dell hopes to turn the tide for a firm that has struggled to compete with cheap Asian rivals and the boom in smartphones and tablet computers.

The buy-out of the remaining shares will be carried out by a consortium made up of Dell himself, his investment fund, and Silver Lake. It will be financed by loans from four banks and by a $2 billion loan from Microsoft.

Analysts said the move would give Dell greater flexibility in turning the company around, by dispensing with the need to deliver strong results every quarter to shareholders on the stock market.


SOURCE: BBC NEWS

Poster: www,facebook.com/endy.edeson