It took more than a year of struggle, but Dell Inc. CEO Michael Dell on Thursday landed the buyout deal he has been seeking — a deal that will let him begin remaking the struggling computer company he founded 29 years ago.
A majority of Dell Inc. shareholders voted to accept the $24.9 billion deal, company officials said Thursday from Dell Inc.’s Round Rock campus. The vote means the company is now expected to go private before Nov. 1., and it ended a long battle over the company’s future — a fight it appeared at times that Michael Dell would lose.
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Shareholders have approved the Michael Dell-led buyout of the company — and that means now the real hard work starts for Dell Inc.’s leadership as they try to reshape the computer maker. Technology writer Kirk Ladendorf takes an in-depth look at the challenges ahead for Dell Inc. in the Business section of Sunday’s American-Statesman.