Dell has completed its transition to become a private business, with founder Michael Dell’s buyout of stockholders reaching completion.

Today marks the last day Dell shares will be listed on NASDAQ.

Private equity company Silver Lake Partners, which specializes in the technology sector, teamed up with Michael Dell for the buyout, which cost about US$24.9bn.

Dell said stockholders received US$13.75 in cash for each share of Dell common stock held and a special cash dividend of $0.13 per share on figures recorded at the close of business on 28 October.

Michael Dell has fought hard against a number of bidders for the future of Dell, including millionaire Dell investor Michael Icahn, who criticised Dell and Silver Lake for undervaluing the company.

He wanted to Dell to remain shareholder property. Icahn pulled out of his fight for Dell in September this year.

He wanted Dell to buy back 1.1bn shares of stock for US4414 a share, adding a warrant for every four shares that would provide shareholders with the right to buy a Dell share for $20 over the next seven years.

In August, Dell just scraped in with an even footing with its Q2 financial results – much of this has come from its new shift on the enterprise side of its business.

Michael Dell wants to reinvigorate the business, which in 2013 took 72% less than it did in Q2 last year, by building on cloud and enterprise technologies and services to make up for failing PC sales.

Dell is due to report its Q3 figures in November.