“Dell Inc. on Tuesday said it reached a deal to take itself private, in a buyout that marks an unofficial end to the era when a handful of young entrepreneurs made PCs the dominant computing device,” Anupreeta Das and Ben Worthen report for The Wall Street Journal.

“Under the terms of the agreement, Dell stockholders will receive $13.65 in cash for each share of Dell common stock they hold, in a transaction valued at approximately $24.4 billion,” Das and Worthen report. “The price represents a premium of 25% over Dell’s closing share price of $10.88 on Jan. 11, 2013, the last trading day before rumors of a possible going-private transaction were first published.”

Michael DellDas and Worthen report, “The transaction will be financed through a combination of cash and equity contributed by Mr. Dell, cash funded by investment funds affiliated with Silver Lake, cash invested by MSD Capital, L.P., a $2 billion loan from Microsoft, rollover of existing debt, as well as debt financing that has been committed by BofA Merrill Lynch, Barclays, Credit Suisse and RBC Capital Markets, and cash on hand.”

Read more in the full article here.

Dell “sits in third place in a PC market in decline, having failed to capture the recent booms in smartphones or tablets,” Tim Bradshaw reports for The Financial Times. “After Mr Dell stepped back as chief executive in 2004 and handed the reins to Kevin Rollins, the PC maker was hit by setback after setback: laptops with faulty batteries, missed Wall Street forecasts, falling margins and an SEC investigation into accounting fraud related to its partnership with Intel, which eventually led to a $100m settlement.”

“By the time Mr Dell returned to lead the company in February 2007, Apple had just unveiled its iPhone,” Bradshaw reports. “Although Mr Dell proudly pronounced that ‘“it feels like 1984 and I am starting over again,’ the post-PC age had already dawned.”

Read more in the full article here.

MacDailyNews Take: Once Dell shareholders approve the deal, Michael Dell will have officially followed the advice he once gave to Apple: “Shut it down and give the money back to the shareholders.”

The irony doesn’t get much thicker.

This will also mark the end our long-running, “Apple now worth X times Dell’s market value” articles.

Boom, you got him, Steve!

[Thanks to MacDailyNews Readers "Fred Mertz" and "Jack F." for the heads up.]

Related articles:
Michael Dell bristles when his beleaguered PC company is compared with mighty Apple Inc. – February 4, 2013
Apple now worth 38 times Dell’s market value – October 3, 2012
Apple now worth 36 times Dell’s market value – September 19, 2012
Apple now worth 35 times Dell’s market value – September 14, 2012
Apple now worth 34 times Dell’s market value – September 4, 2012
Apple now worth 33 times Dell’s market value – August 28, 2012
Apple now worth 32 times Dell’s market value – August 27, 2012
Apple now worth 31 times Dell’s market value – August 23, 2012
Apple now worth 30 times Dell’s market value – August 22, 2012
Apple now worth 28 times Dell’s market value – August 2, 2012
Apple now worth 27 times Dell’s market value – July 23, 2012
Apple now worth 26 times Dell’s market value – June 19, 2012
Apple now worth 25 times Dell’s market value – June 4, 2012
Apple now worth 24 times Dell’s market value – May 23, 2012
Apple now worth 23 times Dell’s market value – May 23, 2012
Apple now worth 22 times Dell’s market value – May 23, 2012
Apple now worth twenty times Dell’s market value – April 3, 2012
Apple now worth nineteen times Dell’s market value – March 26, 2012
Apple now worth eighteen times Dell’s market value – March 19, 2012
Apple now worth seventeen times Dell’s market value – March 12, 2012
Apple now worth sixeen times Dell’s market value – February 29, 2012
Apple now worth fifteen times Dell’s market value – February 15, 2012
Apple now worth fourteen times Dell’s market value – September 20, 2011
Apple now worth thirteen times Dell’s market value – August 26, 2011
Apple now worth twelve times Dell’s market value – January 27, 2011
Apple now worth eleven times Dell’s market value – September 23, 2010
Apple now worth ten times Dell’s market value – September 09, 2010
Apple now worth nine times Dell’s market value – June 01, 2010
Apple now worth eight times Dell’s market value – May 21, 2010
Apple now worth seven times Dell’s market value – January 26, 2010
Apple now worth sextuple Dell’s market value – October 20, 2009
Apple now worth quintuple Dell’s market value – February 12, 2009
Apple could buy Dell outright; Mac-maker has more cash on hand than Dell is worth – October 21, 2008
Apple now worth quadruple Dell’s market value – May 01, 2008
Apple now worth triple Dell’s market value – December 06, 2007
Apple now worth double Dell’s market value – July 27, 2007
Beleaguered Dell: Shut it down and give the money back to the shareholders – March 02, 2007
Biting words on Apple come back to haunt Dell – February 10, 2007
Steve Jobs emails Apple team: Michael Dell not the best prognosticator, Apple worth more than Dell – January 16, 2006
Apple now worth more than Dell – January 13, 2006