Dell considering sale to VMware in reverse merger
In what would be biggest tech deal ever, CEO Michael Dell aims to pay down debt and consolidate power
New York
AFTER years of creative corporate structures and financial manoeuvring, Michael Dell is finally ready to bring all the pieces of his technology empire under one, publicly traded roof.
Dell Technologies Inc is considering a sale to VMware Inc in a reverse merger, CNBC said, quoting sources. The company may also pursue a traditional initial public offering, but a reverse merger would allow Dell to avoid a new public offering, CNBC said.
Dell currently owns 80 per cent of…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Technology
'Harvesting data': Latin American AI startups transform farming
After long peace, Big Tech faces US antitrust reckoning
Tech’s cash crunch sees creditors turn ‘violent’ with one another
Tech millionaires chase billionaire tax shields with ‘swap fund’
Elon Musk’s Starlink profits are more elusive than investors think
Hollywood animation, VFX unions fight AI job cut threat