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October 01, 2013 AT 5:57 AM
The government may now be in shutdown mode, but not before it gave the go-ahead to Dell to go private. The embattled PC company today announced?that it has received all necessary regulatory clearance for?Michael Dell, who founded and led the computer firm as CEO and chairman, and Silver Lake Partners to take the company private in a $24.9 billion transaction. This was the last big hurdle Dell needed to surmount, and now the transaction is expected to close before the end of Q3 2014, or around November 1.