Wednesday, November 3, 2021

It's official: VMware and Dell have split

VMware is once again a standalone company as it has officially split with its parent firm, Dell and untied the knot that has held them together since 2016.

The move is widely seen as a way for both companies to work with new partners and expand their respective technologies while keep close ties to each other.

It also has financial impacts. According to the Financial Times, Dell Technologies will shed its 81% stake in publicly traded VMware, creating an independent software company with a stock market value of nearly $64 billion. Dell’s remaining hardware operations have an implied value of $33 billion, based on its latest share price. 

To read this article in full, please click here

Thanks to Michael Cooney (see source)

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