Dell Technologies has announced plans to spin off its majority stake in virtualization giant VMware into an independent company.
The demerger was first proposed in a filing in July 2020, and is finally expected to close in Q4 2021, subject to regulatory approval.
“By spinning off VMware, we expect to drive additional growth opportunities for Dell Technologies as well as VMware, and unlock significant value for stakeholders,” company founder and CEO Michael Dell said in a statement.
