The Washington Post

Dell agrees to $24.4 billion buyout deal #thecircuit

Dell going private: Dell announced Tuesday that it will leave the public market thanks to a $24.4 billion deal between chief executive officer and founder Michael Dell and the Silver Lake Partners equity firm.

The company’s founder will remain as its top executive as the firm works to reinvent itself amid sinking PC sales. In 2012, the personal computer market saw its first year-over-year holiday sales decline in five years, according to data from the International Data Corporation.

Part of Dell’s buyout deal includes a $2 billion contribution from Microsoft. According to All Things Digital, a Dell spokesman said that the money is simply a loan and that the Redmond, Wash. firm will not have “a direct role in day to day operations of Dell.”

Hearing on Internet freedom: The House subpanel on technology, in its first hearing of the new session, met Tuesday to discuss Internet freedom.

In prepared opening remarks, panel chairman Rep. Greg Walden (R-Ore.) said that he endorses the government’s traditional “hands-off” approach to Internet regulation and criticized proposals that call for more government intervention.

While he said he doesn’t believe the Internet operates outside the law, he would like Congress. to introduce legislation makes it U.S. policy to “promote a global Internet free from government control.”

Genachowski speaks at superstorm Sandy hearing: Federal Communications Chairman Julius Genachowski said Tuesday that the aftermath of superstorm Sandy underscores the importance of mobile communications and broadband.

He highlighted steps the agency has taken to strengthen mobile infrastructure, particularly emergency networks, such as pushing for carriers to launch wireless emergency alerts and introduce services such as text-to-911, which make emergency services accessible from more devices.

He made his comments at an agency field hearing in New York, the first of two such hearings. The second will be held Tuesday afternoon in Hoboken, N.J.

Immigration hearings: The House Judiciary Committee held its first hearing on immigration reform Tuesday, drawing praise from the Consumer Electronics Association for addressing the issue of highly-skilled immigrant workers.

“Our laws must be updated to allow a foreign national who receives an advanced degree in a [science, engineering, technology or mathematics] field from a university in the United States to stay in our country to innovate, rather than be forced to leave upon graduation,” said CEA president Gary Schapiro, in a statement.

The Senate Judiciary committee said Tuesday that it plans to hold a full committee hearing on immigration reform on Feb. 13.

Hayley Tsukayama covers consumer technology for The Washington Post.



Success! Check your inbox for details. You might also like:

Please enter a valid email address

See all newsletters

Show Comments
Most Read



Success! Check your inbox for details.

See all newsletters

Your Three. Video curated for you.