Dell Inc. (Nasdaq: DELL) founder Michael Dell and private equity firm Silver Lake Partners have entered into a $24.4 billion agreement to take the company private.

Dell stockholders will receive $13.65 per share in cash. The price is 25 percent higher than Dell’s closing share price on Jan. 11 of $10.88, the last day before rumors of a take-private deal were published, as Mergers & Acquisitions reported.

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