URGENT ¥¥¥ Dell unveils private equity buyout worth $24.4 bn

Dell on Tuesday unveiled a plan to take the former number one computer maker private in a buyout worth $24.4 billion led by company founder Michael Dell.

"I believe this transaction will open an exciting new chapter for Dell, our customers and team members," Michael Dell said in unveiling the deal in partnership with investment firm Silver Lake, and a $2 billion loan from Microsoft.