Dell is ‘evaluating’ a direct IPO or reverse merger with VMw are
Dell is ‘evaluating’ a direct IPO or reverse merger with VMw.are,
Dell has confirmed rumors that it’s mulling a possible “business combination” with cloud computing subsidiary VMware.
Suggestions that the two companies could merge first started circulating on Monday, and further credence was given to the rumors through additional reports as the week wore on. Now Dell has stated in an SEC filing that it’s “evaluating potential business opportunities,” which include a direct public listing for Dell Technologies and a “business combination” with VMware. No details were provided as to what form the latter option could take, but Dell folding itself into VMware is one obvious route.
Dell added that its options do not include selling itself or VMware to a third party.