Dell ploughs ahead with VMware spin-off
Close to a year after confirming it was considering spinning off its 81 per cent stake in VMware, Dell Technologies has flagged its decision to plough ahead with the move.
Close to a year after confirming it was considering spinning off its 81 per cent stake in VMware, Dell Technologies has flagged its decision to plough ahead with the move.
Michael Dell has questioned the multi-cloud strategy of industry rival Hewlett Packard Enterprise, claiming the vendor is off the pace as market competition heats up.
Dell Technologies is exploring a sale of SecureWorks, a provider of cyber security services with a market value of close to US$2 billion.
Dell Technologies has received shareholder approval to buy back shares tied to its interest in VMware, paving the way a return to the market.
Dell Technologies has reported a 15 per cent rise in quarterly revenue, as businesses were forced to upgrade their systems running on older Windows tech.
Dell Technologies has raised its offer to buy back shares tied to its interest in VMware to $120 per share, sweetening the deal for shareholders.
Dell is working with investment banks to add more cash to a $21.7 billion offer to buy back a "tracking stock" tied to its software company VMware.
Carl Icahn has said that VMware should be worth US$300 per share, the activist investor's latest bid to scuttle Dell's plan to go public.
Dell Technologies will ask holders of "tracking stock" tied to VMware to vote on its cash-and-stock offer to buy it back from them on 11 December.
Dell Technologies plans to interview banks this week to potentially go public through an IPO rather than doing so through a proposed acquisition.
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Public cloud may be casting a shadow over Dell Technologies’ margins, according to industry analysts.
Dell Technologies would continue to be the majority shareholder in Pivotal if the company goes public.
Michael Dell has revealed that his company's channel sales revenue surged by “double digits” in the first six months of FY18.