Michael Dell coughs up $750mn cash to buy out Dell

Dell founder and CEO Michael Dell delivers a keynote at the Moscone Center in San Francisco during the Oracle OpenWorld 2011 in this file photo in California. Michael Dell and his investment firm are ponying up $750mn in cash toward the $24.4bn purchase of Dell Inc to help bankroll the largest private equity-backed buyout since the financial crisis.  The 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 $500mn of his own cash, and MSDC Management - an affiliate of his investment vehicle, MSD Capital - will contribute another $250mn, according to a company filing on Wednesday. Dell Inc also said it is targeting the repatriation of $7.4bn of cash now parked abroad to help finance the deal. That may dismay some shareholders, as a hefty tax is usually levied on cash brought back from overseas.