The Dell-VMware spin-off is finally here
VMware is set to become an independent company for the first time since 2004 with the spin-off of Dell Technologies next week, opening a new chapter for the virtualization and hybrid cloud software superstar.
Dell, based in Round Rock, Texas, will sell its 81% majority stake in VMware in a bid to improve its capital structure and attract new investors as its customer solutions group, which includes PCs, laptops, monitors and laptops, is more dynamic than ever. is part of the long history of the company.
First unveiled to the world in July 2020, Dell’s VMware spin-off is expected to be completed next week on November 1.
Stock transactions and the shareholder payments portion of the deal are expected to be finalized on Friday, October 29, according to recent filings by Dell and VMware with the U.S. Securities and Exchange Commission.
From VMware’s $ 11.5 billion special dividend payout to Dell and its independent M&A strategy, to how shareholders and Dell will benefit from the deal, CRN breaks down eight big things to know. on this successful IT deal.