Michael Dell’s Path: PC King to Apple Envy

Michael Dell is close to finishing a risky $23 billion deal to take private the computer company he founded nearly 30 years ago, in an effort to remake Dell Inc. for a post-PC era.

The buyout, if approved by shareholders, would be the largest such deal since the financial crisis.

It also would be an admission by Mr. Dell that he wasn’t able to pull off the changes needed to improve his company’s revenue and profit under Wall Street’s glare. The buyout would give Mr. Dell the largest stake in the company

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