ROUND ROCK (February 5, 2013)—Round Rock-based personal computer maker Dell is selling itself for $24.4 billion to its founder and global technology investment firm Silver Lake, a group of investors that includes Microsoft, in the largest deal of its kind since the Great Recession dried up financing for such risky maneuvers.

The complex agreement announced Tuesday will end Dell Inc.'s nearly 25-year history as a publicly traded company.

Shareholders are receiving $13.65 per share for their stock.

The deal reflects Dell's desire to engineer a turnaround attempt away from the glare and financial pressures of Wall Street.

Founder Michael Dell will remain the company's CEO and largest shareholder.

He already owned a nearly 16 percent stake in the company, which is based in Round Rock, Texas.

Microsoft Corp. is taking part in the deal with a $2 billion loan.

“I believe this transaction will open an exciting new chapter for Dell, our customers and team members< Dell said in a press release Tuesday.

“Dell has made solid progress executing this strategy over the past four years, but we recognize that it will still take more time, investment and patience, and I believe our efforts will be better supported by partnering with Silver Lake in our shared vision.

“I am committed to this journey and I have put a substantial amount of my own capital at risk together with Silver Lake, a world-class investor with an outstanding reputation. We are committed to delivering an unmatched customer experience and excited to pursue the path ahead,” he said.