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

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.

CNBC Television YouTube Channel

Got a comment? Leave your thoughts in the comments section, below. Please note comments are moderated before publication.


About This Source - CNBC Television

CNBC is an American pay television business news channel, which primarily carries business day coverage of U.S. and international financial markets. Following the end of the business day and on non-trading days, CNBC primarily carries financial and business-themed documentaries and reality shows.

As of February 2015, CNBC is available to approximately 93,623,000 pay television households (80.4% of households with television) in the United States.

Recent from CNBC Television:

Protests in Iran spread throughout the country

NASA intentionally crashes spacecraft into asteroid as Artemis moon mission delayed by Ian

Biden administration proposes transparency with airline fees

Leave a Comment

We don't require your email address, or your name, for anyone to leave a comment. If you do add an email address, you may be notified if there are replies to your comment - we won't use it for any other purpose. Please make respectful comments, which add value, and avoid personal attacks on others. Links are not allowed in comments - 99% of spam comments, attempt to post links. Please describe where people may find additional information - for example "visit the UN website" or "search Google for..." rather than posting a link. Comments failing to adhere to these guidelines will not be published.