WETA Nightly Business Report February 5, 2013
Michael dell said today hes taking the company he founded almost 30 years ago private. Its a 24. 5 billion Deal Offering dell investors 13. 65 per share. Now, at one point, dell was the largest p. C. Maker in the world, boasting market capitalization of more than 100 billion. Now, it sits behind apple, Hewlett Packard and lenovo, valued a fifth of what it once was. Ruben ramirez begins are coverage. Reporter michael dell admits he missed the consumer shift away from the p. C. To tablets and smartphones, but todays announcement his company is going private doesnt necessary address how dell is g...