Dell to be bought back by founder

Computer giant Dell is to be bought back by its founder in a 24.4 billion dollar (£15 billion) deal that sees it leave the stock market after 25 years.

Michael Dell, the founder, chairman and chief executive of the world's third largest PC maker, is part of a consortium of private finance which plans to take over the company in a buyout that involves a two billion dollar (£1.27 billion) loan from tech giant Microsoft.
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