Search
Homepage This page's url is: -crn- Rankings and Research Companies Channelcast Marketing Matters CRNtv Events WOTC Jobs HPE Discover 2019 News Cisco Wi-Fi 6 Newsroom Dell Technologies Newsroom Hitachi Vantara Newsroom HP Reinvent Newsroom Lenovo Newsroom Nutanix Newsroom Cisco Live Newsroom HPE Zone Tech Provider Zone

The 10 Top News Stories Of 2018 (So Far)

From microprocessor vulnerabilities to billion-dollar acquisitions, from data privacy scandals to top executive resignations, CRN takes a look at the news stories that captured our attention in the first half of the year.

Back 1 ... 8   9   10   11   Next

photo

3. Dell To Go Public Again In VMware Tracking Stock Deal

Reports circulated in January that Dell Technologies, taken private by founder and CEO Michael Dell in 2013, was considering a plan to go public again through a "reverse merger" plan that would leverage its tracking stock for virtualization technology developer VMware, of which Dell Technologies was a majority owner following its 2016 acquisition of EMC. The plan was seen as a way to help Dell mitigate its high debt load.

While company executives acknowledged it was considering a number of options for going public, it wasn't until July 2 that Dell Technologies struck a deal to take the company public through a complex share swap plan with its VMware tracking stock. Dell will pay $21.7 billion in cash and stock to buy back the tracking stock, a move that will make the company public without an IPO.

The move may run into opposition, however. One of VMware's largest shareholders, Jericho Capital, has already expressed opposition to the plan, saying it could undermine VMware's own growth strategy. And activist investor Carl Icahn was reported to be considering a push for more cash in a VMware stock deal.

 
 
Back 1 ... 8   9   10   11   Next

sponsored resources