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Do Dell own VMware?
Dell owns a 81% stake in VMware, which it picked up in its 2016 acquisition of EMC Corp. for $67 billion.
Has Dell sold VMware?
Dell Technologies is not selling off VMware or shedding the company completely by spinning off Dell’s 81 percent stake in VMware. In fact, Dell CEO Michael Dell and private equity partner Silver Lake Partners will retain a majority stake in VMware following its spin-off later this year.
Is VMware a subsidiary of Dell?
VMware became part of Dell five years ago when Dell acquired VMWare’s parent company, EMC, for $67 billion. It was the largest deal in tech history. VMWare has been Dell’s best-performing business unit since then; however, the EMC acquisition left Dell with considerable debt.
Will VMware separate from Dell?
In a long-anticipated move, Dell Technologies (NYSE: DELL) has agreed to spin off VMware (NYSE: VMW). The transaction is expected to close by the fourth quarter of calendar 2021, subject to regulatory approvals.
Why did Dell buy VMware?
Dell acquired VMware as part of the massive $58 billion EMC acquisition (announced as $67 billion) in 2015. “By spinning off VMware, we expect to drive additional growth opportunities for Dell Technologies as well as VMware, and unlock significant value for stakeholders.
Is Dell a good buy?
In a positive sign, Dell stock’s relative strength line is pushing higher as it outperforms the S&P 500 index. Dell stock has an IBD Relative Strength Rating of 85 out of 99. That means it has outperformed 85% of stocks over the past 12 months.
Is Dell and VMware the same company?
Dell acquired VMware as part of the massive $58 billion EMC acquisition (announced as $67 billion) in 2015. Both companies will remain important partners, with a differentiated advantage in how we bring solutions to customers,” Dell CEO Michael Dell said in a statement.
Is Dell still in business?
Later that year, Michael Dell took the company private. In 2015, Dell purchased data storage company EMC, a deal that still stands as the largest technology acquisition of all time. In 2018, Dell returned to the public markets as Dell Technologies.
Is Dell spin-off good for VMware?
The spin-off will simplify the capital structure, making it easier for both companies to raise capital at the lowest cost. The companies are also expected to get an investment-grade credit rating. Dell Technologies provides the go-to-market scale for VMware’s product portfolio.
Is Dell and VMware same?
Round Rock, Texas-based Dell will sell off its majority stake in Palo Alto, Calif. -based VMware to Dell Technologies shareholders, the largest of which is Dell’s CEO and founder, Michael Dell. Michael Dell is set to own approximately 41 percent of VMware and will continue to serve as VMware’s chairman of the board.
When did Dell buy out EMC for VMware?
Dell acquired VMware as part of the massive $58 billion EMC acquisition (announced as $67 billion) in 2015. The way that the deal works is that Dell plans to offer VMware shareholders a special …
What’s the deal with Dell spinning out VMware?
Dell announced this afternoon that it’s spinning out VMware, a move that has been suspected for some time. Dell acquired VMware as part of the massive $58 billion EMC acquisition (announced as $67 billion) in 2015. The way that the deal works is that Dell plans to offer VMware shareholders a special dividend of between $11.5 and $12 billion.
Is there a merger between Dell and VMware?
Eventually Dell could pursue a merger with VMware, CNBC said, citing the people familiar with the discussions. Once a household name for its line of personal computers, Dell has expanded to compete in a broader swath of the information technology market.
Who are the owners of VMware tracking stock?
VMware will pay a $9 billion dividend to DVMT shareholders as part of the agreement, according to CNBC. The transaction will give Dell more direct influence over VMware’s future, CNBC reported. VMware is more than 80 percent controlled by holders of the Dell tracking stock and Dell’s DHI shareholders — Michael Dell and Silver Lake.