The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.
Bloomberg
Dell Technologies Inc. confirmed it’s still weighing options, including an initial public offering or a combination with VMware Inc.
Dell said it’s evaluating potential business opportunities but hasn’t yet made a decision on which one to pursue. While an IPO or a combination with VMware are both on the table, Dell isn’t including a sale of either company to a third party. Dell may also choose not to pursue any changes, the company said.
“Nothing has been decided and alternatives are just being considered at this stage,†Dell said in a separate filing.
DVMT, a tracking stock that mimics the value of VMware without giving holders any voting rights or ownership of the asset, also fell.
After years of creative corporate structures and financial maneuvering, Michael Dell is finally ready to bring all the pieces of his technology empire under one, publicly traded roof. Dell’s management has been weighing its options for such a move, either through an IPO or a buyout by publicly traded VMware, people familiar with the matter have said. Billionaire Michael Dell controls VMware as well as owning his namesake company.
VMware CEO Pat Gelsinger said in a statement that the company is “not in a position to speculate on the outcome of Dell’s evaluation,†of business opportunities. Uniting the empire would simplify the company’s ownership structure and make it easier to manage Dell’s corporate debt with the help of VMware’s balance sheet and cash generation.