Ad
related to: dell vmware spin off explained
Search results
Results From The WOW.Com Content Network
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.
If the VMware spinoff proceeds as Dell plans, the PC maker would receive a pro-rated portion of a special dividend to help reduce its debt of $57.3 billion, much of which was taken on during the ...
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]
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.
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]
VMware Inc. (NYSE: VMW) has acquired cybersecurity startup Lastline, the latter announced Thursday.What Happened Lastline said the boards of both companies had approved the acquisition and the ...
On July 15, 2020, Dell confirmed [54] the company was in an early stage of exploring the possibility of spinning off its 81% equity share in VMware. In September 2020, Michael Dell discussed [55] with CRN about not selling VMWare but instead it would “spin off its stake in VMware to Dell Technologies and VMware shareholders in order to boost ...