X-bit Labs reports Michael Del will retain control over the company after the planned privatization. In fact, his influence over the company is exected to rise through the transaction. Also going around the web is a rumor that Microsoft wants to contribute up to $2 billion to the deal, but that in return, the software giant wants the power to vote on Dell's strategic and operating decision.
The founder and chief executive of Dell, Michael Dell, will gain power and influence after the company becomes private, according to a media report. Thanks to the shares he already owns, plus additional funds as well as the stock that is owned by the company itself, Dell will get the full power to reposition the company amid turmoil on the PC market.
Michael Dell personally owns 15.7% stake in the company he founded, in addition, he plans to contribute equity financing of $500 million to $1 billion into privatization of Dell. When his stake and planned equity are combined with part of $11 billion the PC maker has in cash, Michael Dell could gain majority control of the company after [and if] the buyout happens, reports Bloomberg news agency.