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Michael Dell becomes Dell's largest shareholder

Purchase of 7.37 million shares brings his stake in the firm to $3.5bn.

Dell Inc.'s chairman and chief executive Michael Dell has acquired a further $100m of shares in the company, making him its largest shareholder, the computer giant has confirmed.

According to a filing made at the US Securities and Exchange Commission, Michael purchased 7.37 million shares of Dell Inc. for an average price of around $13.57 per share. His total stake in the Texas-based company, which he founded in 1984, is now valued at $3.5bn for 232.9 million shares.

Michael and his family trusts acquired about 8.3 million shares of Dell Inc. on January 3, 2006. In 2008, he further acquired around 9.4 million shares of the company. The move follows industry speculation that Michael was planning to take the company private.

"Michael's purchases reflect his personal investment decisions" a spokesperson for the group said. The computer maker currently has a market value of over $25b.