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Dell Going Private In $24.4 Billion Agreement 217

Nerval's Lobster writes "Dell is going private again, as the result of a $24.4 billion deal involving private-equity investors and Microsoft. The deal will close before the end of the second quarter of Dell's fiscal 2014, according to Reuters. Dell founder and namesake Michael Dell, who owns roughly 14 percent of the company's common shares, will continue to lead the newly privatized venture as Chairman and Chief Executive Officer. He will contribute his existing shares to the new company, on top of a 'substantial' additional cash investment. As with other hardware manufacturers in the space, Dell faces the specter of a softening PC market. And while Dell has made significant efforts to penetrate other markets—including the launch of a private cloud architecture based on the open-source OpenStack—that weakness has affected its bottom line: for its fiscal 2013 third quarter, the company reported an 11 percent decrease in revenue from the previous year; while it enjoyed an increase in revenue from its servers and services businesses, revenue from its Consumer division dipped 23 percent. Its Large Enterprise, Small and Medium Business, and Public revenue also declined." Another take at the New York Times.

South Carolina Department of Revenue Hacked, 3.6 Million SSNs Taken 112

New submitter Escape From NY writes "3.6 million Social Security numbers and 387,000 credit and debit card numbers were stolen from the SC Department of Revenue. Most of the credit and debit card numbers were encrypted — all but about 16,000. There were several different attacks, all of which originated outside the country. The first they're aware of happened on August 27, and four more happened in September. Officials first learned of the breach on October 10, and the security holes were closed on October 20. This is still a developing story, but anyone who filed a SC state tax return since 1998 my be at risk. Governor Nikki Haley today signed an executive order (PDF) to beef up the state's IT security."
PC Games (Games)

EA Launches Ultima-Based Browser Game 106

On Monday Electronic Arts launched Lord of Ultima, a free-to-play, browser-based strategy game that's based on the Ultima universe. Quoting VG247: "Set in the new world of Caledonia, players start the game as conquerors raising an empire, and then move from developing a village to evolving it into a highly customized capital. Players can be peaceful merchants by trading resources over land or sea and using diplomacy, or become feared conquerors using armies of knights and mages to crush their enemies one by one in maniacal glee."

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