Dell Technologies (DELL) Announces Planned VMware (VMW) Spin-Off
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Dell Technologies Announces Planned VMware Spin-Off
April 14, 2021 4:05 PM EDTROUND ROCK, Texas, April 14, 2021 /PRNewswire/ --
Dell Technologies to spin-off its 81% equity ownership of VMware, forming two standalone public companies Under terms of the planned spin-off, VMware will distribute a special cash dividend of $11.5 - $12 billion to all VMware shareholders, including Dell Technologies The companies will strengthen their mutually beneficial strategic relationship and continue to co-engineer solutions for customers through a commercial agreement Transaction drives additional growth opportunities for Dell Technologies and unlocks significant value for stakeholders