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Dell Technologies (DELL) will spin off its 80.6% stake in VMware (VMW), creating two publicly-traded companies and raising cash to pay down debt.
Shares in Dell Technologies (DELL) spiked 14% in pre-market trading on a report that the PC maker is mulling a spinoff of its roughly $50 billion stake in cloud computing software maker VMware Inc ...
In 2018, Dell had a racing partnership with British racing team McLaren, providing processing power to support the large amounts of racing data generated by McLaren's Formula 1 program. [18] On April 15, 2021, it was reported that Dell Technologies would spin out the remainder of its VMware shares to shareholders.
The first model is the VxRack 1032 based on EMC ScaleIO software defined storage. The second model was announced at VMware World in September 2015, called the VxRack 1034 based around VMware VSAN. Both models use commodity hardware (rumoured to be sourced from Quanta) with an attached local disk presented via ScaleIO or VSAN software.
When VMware was acquired by Dell, a reverse merge was in place so the latter would be back to the stock market as a public company. [11] In July 2020, Fisker, Inc announced plans to go public via a merger with Spartan Acquisition Corp (SPAQ), a "blank-check" company backed by Apollo Global Management. [12]
On April 15, 2021, it was reported that Dell would spin off its remaining stake in VMware to shareholders and that the two companies would continue to operate without major changes for at least five years. [42] The spinoff was completed on November 1, 2021. [43] On May 12, 2021, VMware announced that Raghu Raghuram would take over as CEO. [44]