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  • Friday, November 15, 2024

Dell Technologies Mulls Potential Merger With VMware; Pat Gelsinger Comments


Dell Technologies (NYSE: DVMT) said in its filing with the Securities and Exchange Commission Friday that its board of directors has begun to assess potential business opportunities that include a possible merger with VMware (NYSE: VMW).

Round Rock, Texas-based Dell Technologies said it also considers an initial public offering of its common stock.

œNothing has been decided and alternatives are just being considered at this stage, the information technology company added in the SEC filing.

œWe are not in a position to speculate on the outcome of Dell™s evaluation of potential business opportunities, VMware CEO Pat Gelsinger said in a statement published Friday.

Gelsinger added the company will continue to carry out its growth plans with Dell™s continued support and deliver software platforms and services to clients across cloud, networking, security and mobile areas.

The SEC filing by Dell Technologies came days after reports emerged that the company may pursue a ˜reverse merger™ with VMware.

VMware is one of the businesses that operate under Dell Technologies that was formed in 2016 after Dell and EMC completed their $67 billion cash-and-stock merger.

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