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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.
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.
VMware vRealize Suite – a cloud management platform purpose-built for a hybrid cloud. VMware vRealize Hyperic was acquired from SpringSource [144] and subsequently discontinued in 2020. [145] VMware Go is a web-based service to guide users of any expertise level through the installation and configuration of VMware vSphere Hypervisor. [146]
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 ...
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]
Date Company Business Country Value () References June 8, 1999: NaviSite [note 3]: Internet service provider United States [38]July 21, 1999: Com2001.com Internet community software
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 ...
Virtual Computing Environment Company (VCE) was a division of EMC Corporation that manufactured converged infrastructure appliances for enterprise environments. Founded in 2009 under the name Acadia, it was originally a joint venture between EMC and Cisco Systems, with additional investments by Intel and EMC subsidiary VMware.