Dell technologies announces planned vmware spin-off.

Round rock, texas, april 14, 2021 /prnewswire/ -- dell technologies to spin-off its 81% equity ownership of vmware, forming two standalone public companies under terms of the planned spin-off, vmware will distribute a special cash dividend of $11.5 - $12 billion to all vmware shareholders, including dell technologies the companies will strengthen their mutually beneficial strategic relationship and continue to co-engineer solutions for customers through a commercial agreement transaction drives additional growth opportunities for dell technologies and unlocks significant value for stakeholders dell technologies (nyse:dell) announces the planned spin-off of its 81% equity ownership interest in vmware (nyse:vmw). the transaction will result in two standalone companies positioned for growth in the data era.
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