Dell to spin off its stake in VMware and use the proceeds of $9.3B-$9.7B to pay down Dell’s debt, expecting to close the deal in Q4; Dell stock up 8%+ (Natalie Gagliordi/ZDNet)

Natalie Gagliordi / ZDNet:
Dell to spin off its stake in VMware and use the proceeds of $9.3B-$9.7B to pay down Dell’s debt, expecting to close the deal in Q4; Dell stock up 8%+  —  Dell sees the spin-off as a way to give each company more strategic flexibility and improve capital structure efficiencies …

Source: http://www.techmeme.com/210414/p47#a210414p47

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