Dell spins off VMware stake, generating up to $9.7 billion to pay down debt

Dell spins off VMware stake, generating up to $9.7 billion to pay down debt

2 years ago
Anonymous $4BDEsVAtYS

https://www.reuters.com/article/us-dell-vmware-divestiture/dell-spins-off-vmware-stake-generating-up-to-9-7-billion-to-pay-down-debt-idUSKBN2C12SW

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