Before going on shutdown mode, the United States government gave Dell (News - Alert) the green light to go private. Dell made a public announcement on Tuesday about the move stating that it had received all of the necessary regulatory clearance for Michael Dell to take the company private in a transaction that came with a $24.9 billion price tag (News - Alert).

Michael Dell, the company’s founder, has led the computer firm as CEO and chairman. It is expected that the transaction, which Dell has now put into motion, will close before the end of Q3 2014, or Nov. 1.

Until that time, Dell will remain a company that is publicly-traded. When the deal is finalized, Michael Dell will own an estimated 75 percent of the company. The remaining percent will be owned by Silver Lake with some of that financed in part by Microsoft (News - Alert). Microsoft relies on Dell as a major OEM for its Windows products.

Dell’s reasons for going private come from the growing pressure it feels from newer, smaller and cheaper computing devices. The market has been less than successful as Dell got crowded out by other OEMs like Samsung (News - Alert) and Apple.

Between 2001 and 2006 Dell was the world's largest PC maker. Since 2006 there has been a gradual decline and they now set at number three behind Lenovo (News - Alert) and HP.

“End to end solutions. We’re focused on and absolutely building Dell as an end to end solutions company. As it relates to PCs, we think PCs are an important part of the end to end solution,” Michael Dell told Forbes in an interview back in September.

The big question for Dell is whether they will have what it takes to turn itself around. They do have a better chance of doing that now that they will not be under constant scrutiny from the public markets.