Mr. Dell’s proposal to buy the computer company for nearly $25 billion is expected to win approval in a stockholder vote that ends Thursday, according to people familiar with the matter. Dell has said it expects to be a private company by the end of October.
So Dell, for the first time since it went public 25 years ago, will largely become a one-man show, just as it was when Mr. Dell started the company in his college dorm room in 1984. He is set to own about 75% of the company and remain CEO, while private-equity firm Silver Lake will be a minority owner.
This will be nothing if not fascinating to watch. If Dell succeeds, who will be the next of the former tech titans to go private? If Dell fails, will it effectively take that possibility off the table for everyone else?