Dell lays out VMWare spin-off plan, generating $9.7 billion to pay down debt

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  • CNBC Television published this video item, entitled “Dell lays out VMWare spin-off plan, generating $9.7 billion to pay down debt” – below is their description.

    Dell has announced its plan to proceed with the spinoff of its 81% ownership of enterprise software maker VMware. The deal should close in the fourth quarter of 2021. Dell will receive $9.3 billion to $9.7 billion, which will position it well for investment grade ratings, the company said. CNBC’s David Faber reports.

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