Dell finally spins off VMware stake in $9.7B deal
Dell Technologies said on Wednesday it would spin off its 81% 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 looking to cut costs and move to the cloud, a shift that has been accelerated by the COVID-19 pandemic.
