Dell to spin off VMware stake in deal worth up to $9.7 billion

Dell to spin off VMware stake in deal worth up to $9.7 billion

3 years ago
Anonymous $4BDEsVAtYS

https://www.reuters.com/article/us-dell-vmware-divestiture/dell-to-spin-off-vmware-stake-in-deal-worth-up-to-9-7-billion-idUSKBN2C12SW

(Reuters) -Dell Technologies Inc said on Wednesday it would spin off its 81% stake in cloud computing software maker VMware to create two standalone public companies, in a move that will help the PC maker reduce its pile of debt.