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Once VMware is free from Dell, who might fancy buying it?

Once VMware is free from Dell, who might fancy buying it?

3 years ago
Anonymous $4BDEsVAtYS

https://techcrunch.com/2021/04/18/once-vmware-is-free-from-dell-who-might-fancy-buying-it/

TechCrunch has spilled much digital ink tracking the fate of VMware since it was brought to Dell’s orbit thanks to the latter company’s epic purchase of EMC in 2016 for $58 billion. That transaction saddled the well-known Texas tech company with heavy debts. Because the deal left VMware a public company, albeit one controlled by Dell, how it might be used to pay down some of its parent company’s arrears was a constant question.

Dell made its move earlier this week, agreeing to spin out VMware in exchange for a huge one-time dividend, a five-year commercial partnership agreement, lots of stock for existing Dell shareholders and Michael Dell retaining his role as chairman of its board.

Once VMware is free from Dell, who might fancy buying it?

Apr 18, 2021, 4:25pm UTC
https://techcrunch.com/2021/04/18/once-vmware-is-free-from-dell-who-might-fancy-buying-it/ > TechCrunch has spilled much digital ink tracking the fate of VMware since it was brought to Dell’s orbit thanks to the latter company’s epic purchase of EMC in 2016 for $58 billion. That transaction saddled the well-known Texas tech company with heavy debts. Because the deal left VMware a public company, albeit one controlled by Dell, how it might be used to pay down some of its parent company’s arrears was a constant question. > Dell made its move earlier this week, agreeing to spin out VMware in exchange for a huge one-time dividend, a five-year commercial partnership agreement, lots of stock for existing Dell shareholders and Michael Dell retaining his role as chairman of its board.