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What to know about Dell's VMware spin-off - Software


Nearly a year after reports first emerged that Dell Technologies might spin off virtualization leader VMware as a standalone company, the plan is now official. On Wednesday, Dell announced that it expects to spin off its 81-percent share of VMware stock during the fourth quarter of the year. The move will create two standalone companies while making sure to preserve the close partnership between Dell and VMware around technology development, sales and marketing, according to the announcement. “With a strong commercial agreement in place, Dell Technologies will have the ability to continue to work closely with VMware to drive innovation and preserve go-to-market synergies while generating new growth opportunities through an open ecosystem,” Dell said in its news release announcing the spin-off plan. ....

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Dell Unveils Plan For VMware Spin-off To 'Unlock Significant Value'


Dell Unveils Plan For VMware Spin-off To ‘Unlock Significant Value’
The spin-off of Dell’s 81-percent stake in VMware will form two standalone companies, and is expected to close in the fourth quarter of 2021.
By
Kyle Alspach April 14, 2021, 05:14 PM EDT
Dell Technologies on Wednesday announced its plan to spin off its majority stake in VMware in a move to “drive additional growth opportunities” for the two companies as standalone entities.
Data center technologies giant Dell which owns an 81-percent share of virtualization leader VMware said it expects the spin-off to close in the fourth quarter of the year.
On Wednesday, Michael Dell, chairman and CEO of Dell Technologies, said in a news release that the VMware spin-off will “drive additional growth opportunities for Dell Technologies as well as VMware, and unlock significant value for stakeholders.” ....

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