Dell to spin off its stake in VMware and use the proceeds of $9.3B-$9.7B to pay down Dell’s debt, expecting to close the deal in Q4; Dell stock up 8%+ — Dell sees the spin-off as a way to give each company more strategic flexibility and improve capital structure efficiencies …
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Dell To Spin Off Its Stake In VMware And Use The Proceeds Of $9.3B-$9.7B To Pay Down Dell’s Debt, Expecting To Close The Deal In Q4; Dell Stock Up 8%+ (Natalie Gagliordi/ZDNet)
Uzair is a features writer at Cafeer.de. He is a graduate of Emerson College and recently completed the MFA in writing.