Dell Founder Invests $99.5M in Red Hat

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RagingBITCH

Lifer
Sep 27, 2003
17,618
2
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http://news.yahoo.com/s/ap/dell_red_hat

RALEIGH, N.C. - The investment firm that manages the private fortune of Dell Inc. founder Michael Dell invested $99.5 million in Red Hat Inc., the world's largest distributor of the Linux computer operating system, according to regulatory filings.

The investment by MSD Capital was the largest by any single company from a $600 million bond issue in January 2004. Raleigh-based Red Hat disclosed Dell's investment in an April 27 filing with the Securities and Exchange Commission.

MSD Capital manages more than $10 billion exclusively for Dell and his family.

Red Hat spokeswoman Leigh Day and MSD spokesman Todd Fogarty declined to comment Tuesday on Dell's investment.

Shares of Red Hat fell 13 cents to close at $11.24 Tuesday on the Nasdaq Stock Market, near their 52-week low of $10.37.
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EagleKeeper

EagleKeeper

Discussion Club Moderator<br>Elite Member
Staff member
Oct 30, 2000
42,589
5
0
That amount may have put them at a limit regarding rules by the SEC.

Anything more would generate to certain level of ownership within the company and create some other leagal/financial issues.

Has nothing to do with the tax situation.
 
C

Calin

Diamond Member
Apr 9, 2001
3,112
0
0
Or maybe that was 100 millions but the firm that did the buying kept .5 million for themselves.
If I remember correctly, Dell ships servers based of RedHat. Good for them, they can earn benefits from those money from all sides
 
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