The computer behemoth is being purchased by its founder and CEO Michael Dell (with financing from the Silver Lake investment firm, Microsoft and a handful of others) for $24.4 billion.
Once the deal is final, Michael Dell will remain CEO, but the company will be taken private. The announcement was made earlier today.
“The implication of going private is that Dell is planning radical changes to its strategy and product roadmap," analyst firm Ovum stated. "While the company might come out of this transition stronger with a product lineup that better meets the needs of businesses and public sector organizations, there will be uncertainty as to what products and services stay, get strengthen, or get eliminated.
Some speculate that Dell might focus more on cloud computing, storage, software and less on their core PC and peripheral business. More on this story at sister publication VSR.