Reuters – Michael Dell Ponies Up $750M in Cash for Deal

Michael Dell and his investment firm are ponying up $750 million in cash toward the $24.4 billion purchase of Dell Inc. to help bankroll the largest private equity-backed buyout since the financial crisis, Reuters wrote. The Dell founder and CEO this week struck a deal to take private the company he created out of a college dorm room in 1984, partnering with private equity house Silver Lake and Microsoft Corp. Michael Dell will contribute $500 million of his own cash, and MSDC Management - an affiliate of his investment vehicle, MSD Capital - will contribute another $250 million, according to a company filing on Wednesday.

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