UPDATE 1-Dell to go private in $24.4 billion deal
* Parties paying $13.65/share in cash
* Microsoft putting up $2 billion loan
Feb 5 (Reuters) - Computer maker Dell Inc will go private in a $24.4 billion deal that also involves Microsoft Corp and private equity firm Silver Lake, the parties said on Tuesday.
Company founder Michael Dell and Silver Lake are paying $13.65 per share in cash for the world's No. 3 computer maker.
The deal is being financed by cash and equity from Michael Dell, cash from Silver Lake, cash from Michael Dell's investment firm MSD Capital, a $2 billion loan from Microsoft and debt financing from four banks.
The transaction is expected to close before the end of the second quarter of Dell's fiscal 2014.
*Microsoft putting up $2 billion loan. Feb 5- Computer maker Dell Inc will go private in a $24.4 billion deal that also involves Microsoft Corp and private equity firm Silver Lake, the parties said on Tuesday.