The company plans to invest in the personal computer and tablet markets, in expanding sales coverage, and in growing its distribution network, founder and Chief Executive Michael Dell said in a conference call after the shareholder vote.

End-user computing, defined as devices such as PCs and tablets, remains an important focus for the company despite the rapid decline of the global personal computer market, the CEO told reporters briefly, without elaborating or taking questions.

A "significant incremental investment" is required to turnaround the company, and having two strong private investors will aid the restructuring, he added.

Shareholders cast their votes at a special meeting on Thursday morning in Round Rock, Texas. Based on preliminary results, the buyout has secured their go-ahead and the deal is expected to close before the end of the fiscal third quarter.

The company's pace of internal transformation should now quicken. Sealing the deal should also assuage customers who have grown wary of the company's direction during a very public battle that pit major Wall Street players Icahn, Southeastern Asset Management and T. Rowe Price against the CEO.

"We still have a long way to go and many challenges to meet," the company founder said. "But under a new private company structure, we will have the flexibility to accelerate our strategy and pursue both organic and inorganic investment without the scrutiny, quarterly targets and other limitations of operating as a public company."

Asked if layoffs were in the offing, CFO Brian Gladden said there would be a company "re-alignment," without elaborating.

Dell, who founded the company from a college dorm-room in 1984, and partner Silver Lake fought for months to convince skeptical investors his offer was the best option. This week, he gained the upper hand after one of his staunchest opponents, activist investor Carl Icahn, bowed out of the conflict because he said it was "impossible to win.

Michael Dell has argued that revamping his company into a provider of enterprise computing services in the mold of IBM is a complex undertaking best performed outside the spotlight of public markets.

"Once the deal is consummated, they can move on and close some of the large infrastructure deals they've been working on. I do think there's been a bit of a pause," said Cross Research analyst Shannon Cross.

Dell reported a 72 percent slide in quarterly earnings last month, reflecting price cuts intended to soothe nervous customers and spearhead a foray into the enterprise market.

It remains to be seen if Dell can build its storage, networking and software portfolios to vie with Hewlett Packard Co and others. Some analysts think it may be too late, since a large swathe of the corporate market has been locked up by IBM and HP.

But with the PC market expected to shrink again in 2013, investors say the company has little choice.

Dell's stock was flat at $13.85 in the afternoon.

Gutted
Asoka Kodali, a stockholder from Austin who owns 3,000 shares, said he voted for the Michael Dell-Silver Lake buyout even though he would lose money.

"I don't like the offer but I voted for it this time as I don't see a future for Dell as a public company," he said before voting began. "Instead of having my money blocked there, I would rather take the loss and use it offset other (stock) gains."

Dell Inc in recent years has become one of the more prominent victims of PC market erosion from mobile devices like Apple Inc's iPad.

Its fortunes remain closely tied to sales of the venerable personal computer, despite $13 billion in acquisitions since 2008 to expand into everything from software to networking. PC sales, which have been shrinking for the last three years, still yield half of its revenue.

Global PC sales are expected to fall 7 percent this year and 4.5 percent next year, according to analysts at CLSA.

Voting on the buyout had been postponed three times as Michael Dell and the company's board scrambled to garner enough votes. But on August 2, Michael Dell raised his offer price and tacked on a special-dividend sweetener.

The final agreement includes a 13 cent special dividend on top of a 10-cent increase in the sale price to $13.75 a share.

Vince Dungan, a shareholder from Elgin, Texas, said he voted against the deal as he will swallow a loss if he takes the offer. Dungan said he bought Dell shares in the $55-$65 range and would lose about $25,000 if the buyout goes through.

"If Michael Dell can turn it around as a private company, why can't he do it as a public company?" Dungan asked.