How much of VMW does Dell own?

Dell’s longtime private equity partner Silver Lake will hold an 11 percent stake in VMware following the spin-off, meaning Michael Dell and his private equity partner will own approximately 52 percent of VMware.

Who did Dell Buyout?

VMware
Dell announced this afternoon that it’s spinning out VMware, a move that has been suspected for some time. Dell acquired VMware as part of the massive $58 billion EMC acquisition (announced as $67 billion) in 2015.

What happens when Dell spins off VMware?

As part of the deal, VMware will pay a special cash dividend of between $11.5 billion to $12 billion to the company’s shareholders, which will include around $9.5 billion for Dell Technologies. Dell is on target to pay down $16 billion of its debt this year that will likely give the company an investment-grade rating.

Is VMware owned by Dell?

Dell acquired VMware in 2015 in a massive deal worth $58 billion as part of the EMC acquisition (until then, EMC owned VMware). The news of Dell hiving off VMware did not come as a big surprise. Dell had confirmed the same in 2020.

Is Dell a good buy?

In a positive sign, Dell stock’s relative strength line is pushing higher as it outperforms the S&P 500 index. Dell stock has an IBD Relative Strength Rating of 85 out of 99. That means it has outperformed 85% of stocks over the past 12 months.

How much is Michael Dell worth?

50.1 billion USD (2021)
Michael S. Dell/Net worth

He is the founder, chairman and CEO of Dell Technologies, one of the world’s largest technology infrastructure companies. He is ranked 25th richest in the world by Bloomberg Billionaires Index, with a net worth of US$51.7 billion as of April 17, 2021.

Is Dell still in business 2020?

But the company’s status in the PC business has slipped. Dell is now the No. While the company’ still derives a majority of its revenue from PCs, growth in profit is driven by the new Dell — particularly services and corporate and government business.

Is Dell owned by HP?

Dell, who 32 years ago started a personal computer business from his college dorm room, officially completed his giant $67 billion merger with EMC, a data storage company with interests in software and security. The other half of the old company, which specializes in PC and printer sales, is now called HP Inc.

Is Dell still in business?

Is Dell stock a buy or sell?

Dell Technologies has received a consensus rating of Buy. The company’s average rating score is 2.81, and is based on 13 buy ratings, 3 hold ratings, and no sell ratings.

Is Dell overvalued?

Price to Book Ratio PB vs Industry: DELL is overvalued based on its PB Ratio (15.4x) compared to the US Tech industry average (2.7x).

What was the value of the Dell deal?

Bernstein Research analyst Toni Sacconaghi said that if Dell were to use 40 percent of its annual cash flow of about $2.5 billion to $3 billion to pay down debt, a sale of the company in about five years could net Silver Lake, Mike Dell and other investors close to $10 billion, or 5 times free cash flow at the time.

What was the deal for Dell to go private?

SAN FRANCISCO/NEW YORK (Reuters) – Michael Dell struck a deal to take Dell Inc private for $24.4 billion in the biggest leveraged buyout since the financial crisis, partnering with the Silver Lake private equity firm and Microsoft Corp to try to turn around the struggling computer company without Wall Street scrutiny.

Which is the biggest leveraged buyout in history?

The Dell deal would be the biggest private equity-backed leveraged buyout since Blackstone Group LP’s takeout of the Hilton Hotels Group in July 2007 for more than $20 billion and is the 11th-largest on record. The parties expect the transaction to close before the end of Dell’s 2014 second quarter, which ends in July.

When did Michael Dell return as CEO of Dell?

Michael Dell returned to the company as CEO in 2007 after a brief hiatus but has been unable to engineer a turnaround thus far. Analysts said Dell could be more nimble as a private company, but it will still have to deal with the same difficult market conditions.