In mid-April, Dell Technologies announced plans to spin off its 81 percent ownership of VMware as part of efforts to expand into hybrid cloud, 5G, edge and other growth areas and simplify capital structures. The spinoff is expected to close in the fourth quarter of 2021 through a tax-free transaction.
CRN cited sources that say Michael Dell will hold a 41 percent stake in VMware and Silver Lake will own approximately 11 percent of VMware upon the transaction’s completion.
Michael Dell and Silver Lake own 52 percent and 14 percent, respectively, of Dell Technologies, which has a market capitalization of approximately $75 billion.
Aerospace and defense technology company Merlin has closed its business combination with Inflection Point Acquisition Corp. IV, a special purpose acquisition company…
Raytheon, an RTX business, has received a potential $212.1 million cost-plus-fixed-fee contract to provide operations and maintenance services for a relocatable over-the-horizon…
Jim Kelly, senior systems engineering manager at HPE Juniper Networking, said agentic artificial intelligence could help government agencies move toward…
AeroVironment has acquired Empirical Systems Aerospace, or ESAero, a producer of unmanned aircraft systems and advanced air mobility platforms, or AAM,…
