Dell stock spikes over 7% after it says it's considering spinning off VMware - Business Insider

Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.Dell said Wednesday it may spin off VMware, the software powerhouse it acquired five years ago in the EMC merger.Dell said the plan would benefit shareholders, customers and partners of both companies, but would not happen before September 2021 to minimize federal tax implications.

However, Dell said it is also considering other options, including maintaining its ownership of VMware.Dell is considering splitting from VMware, just five years after the tech giant acquired the enterprise software powerhouse. The Texas tech giant announced Wednesday that it is exploring "a potential spin-off of its 81% ownership" of VMware which it bought in 2015 through a merger with EMC. VMware had been owned by the data storage company.

Dell's acquisition of EMC and VMware transformed it into a bigger tech player, but the transaction saddled the company withDell said a spinoff could be beneficial to both Dell and VMware shareholders, customers and partners. But such a move would not happen before September 2021 in order "to qualify as tax-free for US federal income tax purposes.

En yanquilandia cuesta comprar a algo parecido al valor en libros. Ahora sí, si vamos los españoles lo hacemos fatal...

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Doomscrolling: What is it and could it be behind your low moods?There's been such a spike during the pandemic it's now been added to the dictionary
Source: RedMagDaily - 🏆 312. / 61 Read more »

US stocks dip as investors weigh bank earnings and spiking virus cases - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Arizona Teacher Dies Of COVID-19 As 2 Colleagues Also Test PositiveThe Hayden-Winkelman school district says it's too soon to consider reopening after three employees were diagnosed with coronavirus, one of whom died. 😦😦
Source: HuffPostParents - 🏆 414. / 53 Read more »

What it's like when one of your oldest friends becomes a conspiracy theorist - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. This is a bonkers headline Is it difficult to believe the government could have been behind the assassinations of MLK and JFK? What would happen if our citizens knew the truth? Is it difficult to believe that Flight 93 could have been shot down? Compare flight 93 to other plane crash sites.
Source: BusinessInsider - 🏆 729. / 51 Read more »

JPMorgan says link between loan losses and charge offs is broken - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »