The Recycler
  • G&G Web banner May 2024
  • Biuromax Masthead web banner March 2024
  • Katun web banner December 2022 NEW

Dell to opt for record reverse-merger?

February 12, 2018

Dell Technologies has recently confirmed that it is in talks with cloud computing company, VMware, over a possible reverse-merger.

According to CNBC, Dell is mulling over its options regarding its future, one of which is a potentially ground-breaking tech deal as it considers becoming a public company via a reverse-merger with VMware.

Also being pondered by Dell is the possible decision to make “a public offering of Dell”, to make further acquisitions, or to buy the remaining available 20 percent stake of VMware.

The company has so far made no definitive statement regarding its plans, saying only that “nothing has been decided and alternatives are just being considered at this stage.”

VMware, a $60 billion (€48.9 billion) cloud computing company under the control of Dell, has experienced a 1 percent growth in shares following rumours of a potential deal, but has been similarly veiled in its public statements.

“Dell has been a tremendous partner since it became our majority owner and as we’ve accelerated our growth,” said VMware CEO Pat Gelsinger. “We look forward to Dell’s continued support as we work to execute our growth plans in the years ahead.”

If VMware did opt to buy Dell, the purchase would probably be “the biggest deal in tech industry history, giving investors who backed Dell’s move to go private in 2013 a way to monetise their deal, while helping Dell pay down some of its approximately $50 billion (€40.7 billion) debt.”

Dell’s board of directors will meet this month “to consider a slew of options, many of which are still in the early stages of examination, including the reverse merger.”

Categories : City News

Tags : Deal Dell Merger USA VMware

  • TN Core May 2024 Web advert
  • Static Control June 2022 Big & Bold Ad
  • GM Technology Web Ad March 2024
  • IR Italiana Web ad January 2021
  • Cartridge Web Banner May 2024
  • Biuromax March 2024 Banner
  • Mito Web advert July 2023
  • G&G Big & Bold Web banner January 2024
  • Ink Tank Web ad May 2024
  • Apex Web Banner April 2024
  • PCL May 2024 web banner
  • Altkin Web ad March 2024
  • ITP Web ad January 2021
  • HYB Web banner Jan 2024
  • CET Web ad December 2023
  • Zhono Web ad March 2024
  • Denner Feb 2024 Web Ad
  • HYB Web banner Jan 2024
  • Zhono Web ad March 2024
  • ITP Web ad January 2021
  • PCL May 2024 web banner
  • CET Web ad December 2023
  • Altkin Web ad March 2024
  • Denner Feb 2024 Web Ad
  • CET Web ad December 2023
  • PCL May 2024 web banner
  • ITP Web ad January 2021
  • Zhono Web ad March 2024
  • Denner Feb 2024 Web Ad
  • Altkin Web ad March 2024
  • HYB Web banner Jan 2024

The Recycler, Wittas House, Two Rivers, Station Lane, Witney, OX28 4BH, United Kingdom | Tel: +44 (0) 1993 899800 | Fax : +44 (0) 1993 226899
©2006-2023 The Recycler - Terms & Conditions - Privacy Policy including cookie use

Web design Dorset | Websites by Mark

The Recycler Subscribe Web ad January 2021
The Recycler Subscribe Web ad January 2021