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Dell to ‘Spin-Off’ Shares in VMware

Image sourced from TechCrunch Dell has revealed its plan to spin off its 81% stake in VMware in an attempt to reduce its debt. According to TechCrunch, the way that the deal works is that “Dell plans to offer VMware shareholders a special dividend of between $11.5 and $12 billion. As Dell owns approximately 81% of those shares that would work out to somewhere between $9.3 and $9.7 billion coming into Dell’s coffers when the deal closes later this year”. Dell CEO, Michael Dell says that by spinning off VMware, “we expect to drive additional growth opportunities for Dell Technologies as well as VMware, and unlock significant value for stakeholders. Both companies will remain important partners, with a differentiated advantage in how we bring solutions to customers”. This is a move long ...

Tarsus On Demand Achieves VMware Cloud Verified Status

Tarsus On Demand has announced that it has achieved VMware Cloud Verified status. The Cloud Verified badge signals to customers that Tarsus On Demand offers a service running on top of the complete VMware Cloud infrastructure. The company has a history with VMware that spans 8 years and currently hosts and provides the full remit of VMware Cloud Infrastructure and VMware Cloud Services within its environment to its resellers, cloud service providers and partners. “We are delighted to be one of four partners in Southern Africa to be VMware Cloud Verified. This badge not only speaks to the fact that VMware trusts us to deliver on its cloud services but also offers our customers the peace of mind they require when ensuring cloud portability between their environment and a trusted VMware infra...