Dell Will Spin-Off VMware, Expects to Generate Over $9Bn Through the Deal
Dell has announced it is divesting its 81% stake in VMware. Dell is not letting go of the company though. Michael Dell will become chairman of the VMware board. The sale of the stake is expected to bring Dell between $9.3 billion and $9.7 billion. That money will be used to pay off Dellâ€™s debts.
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