Computer Hardware Michael Dell

Dell said the agreement values its equity at between $61.1 billion and $70.1 billion, more than twice the value of the $24.9 billion deal that founder and Chief Executive Officer Michael Dell and buyout firm Silver Lake clinched to take the company private in 2013.. Going public gives Michael Dell and Silver Lake the option to eventually sell down their stakes,...

Dell said the agreement values its equity at between $61.1 billion and $70.1 billion, more than twice the value of the $24.9 billion deal that founder and Chief Executive Officer Michael Dell and buyout firm Silver Lake clinched to take the company private in 2013.. Going public gives Michael Dell and Silver Lake the option to eventually sell down their stakes,...

Dell said the cash and stock deal will value its equity at between $61.1 billion and $70.1 billion, more than twice the $24.9 billion that founder and Chief Executive Michael Dell and buyout firm Silver Lake paid to take company private in 2013.. Going public gives Michael Dell and Silver Lake the option to eventually sell down their stakes, even as they affirmed...

The world's largest private technology company owns 80 percent of VMware and issued the tracking stock in 2016 to fund its purchase of EMC Corp, then the biggest stakeholder of VMware. In a move to remove a complex layer of its business, Dell will exchange each share of VMware tracking stock for 1.3665 shares of its Class C common stock, or $109 per share in cash for a...

Dell, which owns 80 percent of VMware, issued the tracking stock in 2016 to fund its purchase of data storage firm EMC Corp.. The world's largest private technology company will exchange each share of VMware tracking stock for 1.3665 shares of its Class C common stock, or $109 per share in cash for a total cash consideration of not more than $9 billion.

VMware's fourth-quarter results also came in above Wall Street targets as licensing revenue rose 20 percent to $1.07 billion. "I think the Dell's relationship with VMware is positive for the company overall," Shannon Cross, analyst at Cross Research told Reuters as the fundamentals of VMware's business is solid. The company's net loss was $440 million, or $1.09...

March 1- VMware Inc, with which Dell Technologies Inc is considering a reverse-merger to be a public company, reported quarterly profit and revenue above Wall Street estimates as the company sold more licenses for its software products. The company's net loss was $440 million, or $1.09 per share, in the fourth quarter ended Feb. 2, compared with a profit of $441...

The combination would also make Dell a publicly listed company, offering a path for private equity firm Silver Lake to begin selling down its 18 percent stake if it chooses to. Silver Lake helped bankroll Dell CEO Michael Dell in taking the company private in 2013 in a $24.9 billion leveraged buyout. "We view a reverse merger of Dell by its majority-owned...

The world's largest privately held technology company is under pressure to boost profits after its debt-laden acquisition of data storage provider EMC Corp for $67 billion in 2016 failed to meet its financial targets, hurt by higher component costs and pricing pressures. "As part of our ongoing multi-year strategic planning, Dell Technologies is...

Any potential deal could help the company keep up in a fiercely competitive storage market, as cloud-based rivals such as Amazon.com Inc's AWS and Microsoft Corp's Azure put pressure on prices. The PC market, which Dell CEO Michael Dell helped shape by founding Dell in 1984 as a college freshman with $1,000 in savings, has remained stagnant due to the popularity...

"We are not in a position to speculate on the outcome of Dell's evaluation of potential business opportunities," VMware Chief Executive Pat Gelsinger said in a statement. Dell delisted from the Nasdaq five years ago amid a struggling PC market when private equity firm Silver Lake helped founder Michael Dell's $24.9 billion deal in 2013 to take the company...