Dell 2007 Annual Report Download - page 98

Table of Contents
DELL INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
NOTE 14 — SUBSEQUENT EVENTS
On February 12, 2008, Dell agreed to acquire MessageOne Inc., a provider of Software-as-a-Service (SaaS) enabled enterprise-class
e-mail business continuity, compliance, archiving, and disaster recovery services. The acquisition, for approximately $155 million in cash
plus an additional $10 million to be used for management retention, has been approved by the board of directors of each company and is
subject to regulatory approvals and customary closing conditions. Upon completion, MessageOne operations will be integrated into Dell's
Global Services organization.
The acquisition of MessageOne was identified and acknowledged by Dell's Board of Directors as a related party transaction because
Michael Dell and his family hold indirect ownership interests in MessageOne. Consequently, Dell's Board directed management to
implement a series of measures designed to ensure that the transaction was considered, analyzed, negotiated, and approved objectively
and independent of any control or influence from the related parties.
In addition, on March 31, 2008, Dell announced that it will close its desktop manufacturing facility in Austin, Texas.
94