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Technology News : Dell considering strategic options including IPO

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A Dell gaming computer is shown at the E3 2017 Electronic Entertainment Expo in Los Angeles, California, U.S. June 13, 2017. REUTERS/ Mike Blake
A Dell gaming computer is shown at the E3 2017 Electronic Entertainment Expo in Los Angeles, California, U.S. June 13, 2017. REUTERS/ Mike Blake

PC-maker Dell Technologies Inc is considering strategic options including a public share offering or a deal with its majority owned New York-listed unit, VMware Inc, according to media reports on Thursday.

Dell’s board is meeting later this month and will discuss its options, Bloomberg reported, citing people familiar with the matter, adding that the company may also decide not to make any such move at this time.

News of Dell exploring options was also reported by the Wall Street Journal. on.wsj.com/2GjeQvK

Round Rock, Texas-based Dell was not immediately available for comment outside regular U.S. business hours.

Chief Executive Michael Dell, with the help of Silver Lake, took Dell private in a $25 billion deal in 2013.

Dell bought data storage company EMC Corp for $67 billion in 2015, setting a record in the technology industry, to transform itself into a giant in the fast-growing market for managing and storing corporate data.

A Dell gaming computer is shown at the E3 2017 Electronic Entertainment Expo in Los Angeles, California, U.S. June 13, 2017. REUTERS/ Mike Blake
A Dell gaming computer is shown at the E3 2017 Electronic Entertainment Expo in Los Angeles, California, U.S. June 13, 2017. REUTERS/ Mike Blake

The maker of cloud-based virtualization software VMWare was majority-owned by EMC at the time of the deal and the ownership was transferred to Dell.

VMware shares, which have gained over 62 percent in the past 12 months, touched an all-time high on Thursday.

source Dell considering strategic options including IPO

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