Dell To Use Vmware To Help Pay For Emc Deal: Sources

(Reuters) - Dell Inc is planning to use equity in cloud software company VMware Inc to help pay for its acquisition of EMC Corp in a deal valuing the data storage company at more than $55 billion, according to people familiar with the matter.

Topics:  reuters    dell inc   vmware inc   emc corp   pay   deal   company   
BING NEWS:
  • Dell-VMware Spin-Off Deal ‘Likely’ To Close By October: Sources
    Dell officially acquired EMC and its subsidiaries ... its $67 billion acquisition of EMC in 2016. As part of the deal, VMware will pay a special cash dividend of between $11.5 billion to $12 ...
    08/4/2021 - 8:48 am | View Link
  • CRN Exclusive: Meg Whitman On The Price Dell Paid For EMC, Phone Calls With Dell-EMC-VMware CEOs And The Opportunity For HP Partners To Gain Share
    How will the Dell-EMC deal impact your partnership with VMware? Certainly not in the near ... said there will be sales of assets here to pay down the debt. We are in the businesses we are in.
    10/27/2015 - 1:00 pm | View Link
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