July 16 - 09:07
25D
Dell exploring spin-off of 81% stake in VMware
Dell Technologies is exploring a potential spin-off of its 81% equity ownership interest in VMware. Although at an early stage, Dell said it believes a spin-off could benefit both Dell and VMware shareholders, employees, customers and partners by "simplifying capital structures and creating additional long-term enterprise value". Any potential spin-off would not occur prior to September 2021.
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