Computer maker Dell Inc. on Tuesday announced its exit from the stock market in a $24.4 billion buyout led by company founder and CEO Michael Dell.

Dell shareholders will receive $13.65 per share, which represents a 25 percent premium over the shares' market price on Jan. 11, before rumors began circulating about the buyout.

Software giant Microsoft, whose software is used in the Texas company's PCs, will loan the buyers' consortium $2 billion, Dell said in a communique.

The rest of the financing will come mainly from a combination of cash and shares owned by Michael Dell and funds coming from the Silver Lake investment firm.

"I believe this transaction will open an exciting new chapter for Dell, our customers and team members," Michael Dell said in a statement. "I am committed to this journey and I have put a substantial amount of my own capital at risk together with Silver Lake, a world-class investor with an outstanding reputation."

Trading of Dell shares on the Nasdaq was temporarily halted on Tuesday morning when the news broke, but the previous day the stock closed the session down 2.64 percent at $13.27 per share. Over the past 12 months, the company's share price has fallen by 24.35 percent. EFE