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Spin-Off

Dell Technologies Announces Planned VMware Spin-Off

Dell Technologies to spin-off its 81% equity ownership of VMware, forming two standalone public companies Under terms of the planned spin-off, VMware will distribute a special cash dividend of $11.5 - $12 billion to all VMware shareholders, including Dell Technologies The companies will strengthen their mutually beneficial strategic relationship and continue to co-engineer solutions for customers through a commercial agreement Transaction drives additional growth opportunities for Dell Technologies…