Dell finalises VMware spin-off

Dell Technologies' spin-off of its majority shareholding in VMware has been completed

clock • 1 min read
Dell finalises VMware spin-off

Dell has completed the spin-off of its 81 per cent share in software vendor VMware. The tech giant announced the move back in April this year, with CEO Michael Dell claiming it would "drive additional growth opportunities for Dell Technologies as well as VMware and unlock significant value for stakeholders". VMware, which is valued at nearly $64bn, has also distributed a special cash dividend of $11.5bn to all VMware shareholders as part of the arrangement, with Dell Technologies receiving...

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