Proceeds From Dell Business Acquisition Go to Charity
February 13, 2008 | Read Time: 1 minute
The computer maker Dell has announced that it will buy the business e-mail services provider MessageOne in a $155-million cash deal, and that Dell’s founder and chief executive, Michael Dell, intends to donate the proceeds from the sale to charity, Reuters reports.
Mr. Dell and his family are investors in two funds that partly own MessageOne, and the family is expected to receive roughly $12-million from the deal. MessageOne is managed by Mr. Dell’s brother, Adam Dell, who is expected to receive about $970,000 from the sale.
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