Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
Dell Inc. is reviewing strategic alternatives including an initial public offering or a some form of a merger with VMware, Inc. (NYSE:VMW), according to Monday reports.
The Wall Street Journal said Dell is in early stage discussions with VMware, a cloud infrastructure company with a $55.7-billion market cap, to purchase its remaining stake. Dell already owns 80 percent of the target through EMC, which it subsumed in 2016.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
Conversely, a CNBC report suggested Dell could be the seller in the arrangement. A reverse merger with VMware would allow Dell to rejoin the markets without a formal listing.
The buyout or IPO, which would come just years after the company went private in 2013, could bring in enough cash to pay down $51 billion in debt.
Dell is also reportedly considering other acquisitions and alternatives with the exception of an outright sale of itself or its VMware stake. Dell’s board of directors will reportedly meet later this month to discuss options.
At the time of publication, Dell Technologies Inc (NYSE:DVMT), which holds Dell assets, was down more than 5 percent percent, while VMware was down 9.55 percent.
Related Links:
Infographic: Global PC Business Hits A 10-Year Low
Smart Move: VMware Now Looking To Partner, Rather Than Compete, With The Public Cloud
Photo by Jjpwiki/Wikimedia.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.