Michael Dell, Silver Lake Would Keep VMware Control - CRN

7/21/20

CRN sources say Michael Dell would hold 42% of a VMware (VMW -1.0%) spin-off and Silver Lake would have about 23%, a combined majority stake of 65%.

The potential spin-off of Dell's (DELL +0.1%) 81% VMW stake would improve the company's investment grade rating and help pay off its $48B in debt.

Michael Dell owns 52% of the eponymous company and Silver Lake holds 29%.

READ FULL ARTICLE HERE

Recent Deals

Interested in advertising your deals? Contact Edwin Warfield.