Dell acquires MessageOne from Michael’s brother Adam Dell
Filed under: Desktops, Laptops
In the oddball acquisition of the day, Dell just swept up e mail services provider MessageOne in a $155 million cash deal. How odd? Get that, MessageOne was co-founded by Michael Dell’s brother Adam who now manages investment funds — the very funds with partial ownership of MessageOne which Michael and his genetic crew are investors in. As such, Michael, his wife, and kids will receive $12M from the deal, Adam about $970k, and their parents about $450k. For Michael’s part, Dell says that he will donate his family’s proceeds direct to charity and was excluded from negotiating the acquisition. Still, we can’t help
[Via New York Times]
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Orginal post by Thomas Ricker
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