Dell Spins Off VMware Stake, Generating Up to $9.7 Billion to Pay Down Debt
Dell Technologies Inc said on Wednesday it would spin off its 81 percent stake in cloud computing software maker VMware, in a move that will help the PC maker reduce its debt. VMware will distribute a special cash dividend of between $11.5 billion (roughly Rs. 86,450 crores) and $12 billion (roughly Rs. 90,220 crores) to … Read more