Dell considering spinning off VMware stake: WSJ

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June 23, 2020 4:31 PM EDT

FILE PHOTO: The logo for Dell Technologies Inc. is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., January 10, 2019. REUTERS/Brendan McDermid

(Reuters) - Dell Technologies Inc (NYSE: DELL) is considering spinning off its roughly $50 billion stake in cloud computing software maker VMware Inc (NYSE: VMW), the Wall Street Journal reported on Tuesday.

Dell is also exploring taking other steps that could include buying the rest of VMWare, the Journal reported https://www.wsj.com/articles/dell-explores-options-for-81-vmware-stake-11592942687?mod=searchresults&page=1&pos=1, citing people familiar with the matter.

Dell, which is the controlling stakeholder of VMware, did not immediately respond to a Reuters request for comment.

(Reporting by Uday Sampath in Bengaluru; Editing by Maju Samuel)


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