Why did Dell merge with EMC?
The acquisition was to facilitate Dell to become one stop shop for business customers. The combined Dell EMC was named Dell Technologies.
When did Dell merge with EMC?
September 7, 2016
On September 7, 2016, Dell Inc. completed the merger, which involved the issuance of $45.9 billion in debt and $4.4 billion common stock.
Does Dell still own EMC?
Dell took on $48.6B in debt to acquire the storage giant Dell’s 2015 decision to buy EMC for $67 billion remains the largest pure tech deal in history, but a transaction of such magnitude created a mountain of debt for the Texas-based company and its primary backer, Silver Lake.
Why is Dell selling VMware?
Round Rock, Texas-based Dell will sell off its 81 percent majority stake in VMware in a move to improve its capital structure and attract new investors as its Client Solutions Group—which includes PCs, laptops, monitors and notebooks—is hotter than it’s ever been in the company’s long history.
Is VMware splitting from Dell?
Dell will shed its 81% stake in VMware, creating an independent software company with a stock market value of $64 billion, Financial Times reports. The separation from Dell will free VMWare from Dell’s focus on corporate data centers and give it more freedom to invest and make acquisitions focusing on cloud computing.
Why did Dell spin-off VMware?
The spin-off from Dell Technologies provides VMware increased freedom to execute its multi-cloud strategy, a simplified capital structure and governance model, and additional operational and financial flexibility.
Who will buy VMware?
(NYSE: VMW), a leading innovator in enterprise software, today announced an agreement under which Broadcom will acquire all of the outstanding shares of VMware in a cash-and-stock transaction that values VMware at approximately $61 billion, based on the closing price of Broadcom common stock on May 25, 2022.