Microsoft backs Dell's buyers
Microsoft has committed $2 billion (€1.4 billion) to back the group that has arranged a takeover of Dell.
The software giant revealed it provided the sum in the form of a loan to Michael Dell, the PC maker’s founder, chairman, and chief who has partnered with technology investment firm Silver Lake to buy the firm.
“Microsoft is committed to the long term success of the entire PC ecosystem and invests heavily in a variety of ways to build that ecosystem for the future,” a statement revealed.
The firm’s loan is a fraction of the $24.4 billion deal for Dell reached by Michael Dell and Silver Lake, which Alex Mandl, lead director of Dell’s board, says was agreed after it “conducted a disciplined and independent process intended to ensure the best outcome for shareholders.”
Analysts are generally positive about the benefits of the deal for Dell, however some were concerned about the potential influence Microsoft will have on the privatized company, the Daily Telegraph reports.