SiliconANGLE, January 29th, 2018
Reports surfaced last week that Dell Technologies Inc. might become a publicly traded company once again, allowing it to buy up the remaining shares of VMware Inc. it doesn’t hold. Now, it appears that Dell might be considering something of a reverse of that move.
Rather than buying VMWare, Dell may instead sell itself to the smaller company in a massive reverse-merger deal, CNBC reported today.
Last week, sources familiar with the matter said that Dell is looking for “strategic options” to pay off the $50 billion in debt it accrued when it bought out its shareholders to become a private company less than five years ago. The company also dropped a hefty $67 billion in 2016 to buy EMC Corp. in the biggest-ever takeover in the tech industry, which allowed Dell to position itself as a major player in the enterprise.