Hacker News new | ask | show | jobs
by retbull 3708 days ago
Didn't Dell do that?
2 comments

Michael Dell -- Who was a 12% shareholder in Dell, got together with outside investors to raise the rest of the money necessary to buy the rest of the shares on the open market to take the company private. This is very different than Dell the company taking itself private -- which cannot happen. A company cannot own itself.
Michael Dell and some others got financing and did it. The operating income made that make sense, but they had to secure financing to do it.

http://www.dell.com/learn/us/en/vn/secure/2013-02-04-michael...