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Dell stock price surges 15% on report of plans for strategic shakeup with VMware

By: Invezz
Dell

Shares of Dell Technologies (NYSE: DELL) are up around 15% in premarket trading after a report emerged that the tech giant is considering what to do with its position in VMware (NYSE: VMW). Fundamental analysis: Dell considering its options Dell Technologies is said to be considering its options relating to its stake in a cloud-software company VMware. The PC-maker owns more than 81% of VMware, a stake that is worth around $50 billion in today’s market.   The Wall Street Journal reported that Dell is exploring its options, that range from selling its stake to buying the rest of the company.

The post Dell stock price surges 15% on report of plans for strategic shakeup with VMware appeared first on Invezz.

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