Dell Technologies founder
and CEO Michael Dell.
Justin
Sullivan/Getty Images
Dell is reportedly considering a public share offering
or a deal with its majority owned New York-listed unit, VMware
Inc.
The company will reportedly hold a board meeting this
month to discuss its options.
Dell Technologies Inc. is considering strategic options including
a public share offering or a deal with its majority owned New
York-listed unit, VMware Inc, CNBC said in a tweet, citing Dow
Jones.
Sources familiar with the situation also confirmed the
possibility of an IPO, according to a Bloomberg report on Thursday.
The company will reportedly hold a board meeting this month to
discuss its options, sources said to Bloomberg.
Dell Chief Executive Officer Michael Dell, with the help of
Silver Lake Management, took the PC maker private in a $25
billion deal in 2013.
The company bought data storage company EMC
Corp for $67 billion in 2015, setting a record in the technology
industry, to transform itself into a giant in the fast-growing
market for managing and storing corporate data.
The maker of cloud-based virtualization software VMWare was
majority-owned by EMC at the time of the deal and the ownership
was transferred to Dell.
VMware shares, which have gained over 62% in the past 12 months,
touched an all-time high on Thursday.
(Reporting by Ismail Shakil in Bengaluru; Editing by Amrutha
Gayathri)
Source link
No comments:
Post a Comment