Dell Completes Spin-Off of VMware
November 2, 2021
Dell Technologies completed the spin-off of its 81% equity ownership of VMware, distributing VMware Class A and Class B shares to Dell stockholders via a special dividend and converting Class B shares into Class A prior to distribution. VMware also paid an $11.5 billion special cash dividend to its shareholders (Dell received $9.3 billion), and the two companies preserved a commercial agreement to maintain product co-development and sales alignment while allowing VMware to operate as a standalone company.
- Targets
- VMware Inc.
- Sellers
- Dell Technologies
- Industry
- Software
- Location
- California, United States
- Transaction Type
- Divestiture
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