Dell lays out VMWare spin-off plan, generating $9.7 billion to pay down debt
Dell has announced its plan to proceed with the spinoff of its 81% ownership of enterprise software maker VMware. The deal should close in the fourth quarter of 2021. Dell will receive $9.3 billion to $9.7 billion, which will position it well for investment grade ratings, the company said. CNBC's David Faber reports.
Thu, Apr 15 202110:30 AM EDT