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Dell to spin off VMware stake

By Staff Writer

Apr 15 2021 7:06AM

In deal worth up to US$9.7 billion.

Dell to spin off VMware stake

Dell Technologies said it would spin off its 81 percent stake in cloud computing software maker VMware to create two standalone public companies, in a move that will help the PC maker reduce its pile of debt. VMware is currently Dell's best-performing unit as it has benefited from companies ...

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