Dell to trade on public markets once again
After five years as a private company, Dell is going public once again.
Dell is ready to hit public markets once again after going private in 2013. The company announced today (via Bloomberg) that it has committed to a deal worth $21.7 billion through which it will purchase its own Dell Technologies Class V tracking stock and offer a "new class of publicly listed common stock."
In a separate release, Dell says that it considered a number of options for "maximize value" for shareholders, including its current plan, as well as a "negotiated business combination" with VMware.
Dell was initially taken private in 2013 as the company looked to revamp its enterprise and personal computing strategies without scrutiny by investors. That deal included a $24.4 billion buyout and a $2 billion loan from Microsoft.
In the personal computing space, Dell has seen success with its stylish XPS line in recent years, along with a renewed push into the gaming niche. However, its in the enterprise, where Dell bolstered its efforts with its 2016 acquisition of EMC, that the company has begun to see momentum pick up with its virtualization an server offerings.
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Dan Thorp-Lancaster is the former Editor-in-Chief of Windows Central. He began working with Windows Central, Android Central, and iMore as a news writer in 2014 and is obsessed with tech of all sorts. You can follow Dan on Twitter @DthorpL and Instagram @heyitsdtl.
Lol, when I read the headline I thought it was an end to 'you can't buy Dell PCs in (physical) shops"