Dell parts ways with VMware

Kelsey Rees
clock • 1 min read
Dell parts ways with VMware

The tech heavyweight is expected to receive up to $9.7bn from the payout, and is considering a sale of Boomi

Dell Technologies has agreed to spin-out its 81 per cent stake in software manufacturer VMware.  The vendor first announced it was weighing up a sale in July. VMware will pay a special cash dividend of between $11.5bn to $12bn (€9.6bn to €10.026bn) to shareholders at the close of the transaction, which is expected by Q4.  Dell will receive around $9.7bn (€8.1bn) from the payout.  "By spinning off VMware, we expect to drive additional growth opportunities for Dell Technologies as w...

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