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)

Wearing Striped Clothes

 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 / Techmeme

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