Dell considering spinning off VMware stake, shares surge

Dell considering spinning off VMware stake, shares surge

Dell Technologies confirmed Wednesday they are ’in an early stage’ of exploring ’a range of strategic options’ concerning their ownership of VMware, which includes spinning off their 81% stake in the cloud computing software maker. VMware said a spinoff could result in a simpler capital structure. Shares of Dell jumped 8 %, while VMware rose 5% in aftermarket trading.

Sandra
Sandra
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