Shareholders vote for Dell to go private

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Shareholders vote for Dell to go private

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Computer firm founder Michael Dell has gained shareholder approval for his offer to take the company private.

That ends a seven month long battle with its largest investors, including Carl Icahn, who did not think he was offering enough to buy out their shares.

The vote removes the uncertainty surrounding the world’s third largest PC maker.

In recent years Dell has suffered greatly from the rapid decline in PC sales, thanks to the popularity of tablets.

Michael Dell plans to revamp his company into a provider of enterprise computing services.

He has said that is best done away from the spotlight of public markets.

It remains to be seen if Dell can build its storage, networking and software business to complete with the likes of IBM and Hewlett Packard.