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6 Reasons Why A Dell-VMware Spin-off Is Likely To Happen

CRN breaks down the six reasons why Dell Technologies could potentially spin off its 81 percent stake in VMware after reviewing recent SEC filings from both companies.

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Michael Dell Has Successful History Making Huge Bets, Closing Complex Deals

If there’s one person in IT industry who’s been successful at making complex and market changing deals happen, it’s Michael Dell.

From transitioning the company he founded inside his college dorm room from a PC-only company to the world’s leading $91 billion IT infrastructure leader, Dell doesn’t shy away from pulling the trigger on major deals or disrupting short-term operations with the purpose of long-term success.

In 2013, Dell took his company private in a nearly $25 billion deal with help from Silver Lake. Then in 2016, he made the decision to make the largest IT acquisition in history by acquiring EMC and VMware in a blockbuster deal for $67 billion. In late 2018, through a unique and complex VMware stock swap deal, he managed to take his company public once again, debuting on the New York Stock Exchange at $46 per share under the ticker symbol DELL.

In terms of timeframe, Dell said it would not spin off its shares of VMware before September 2021 due to tax reasons. Dell is seeking to get the deal to qualify as tax-free for federal income tax purposes. This means it will be at least another 13 months before any deal is finalized, giving Michael Dell plenty of time to work out any issues or hurdles that arise.


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