Dell Technologies is exploring an initial public offering or another kind of financial maneuver involving data center software company VMware, Dell said in a regulatory filing on Friday. The disclosure confirms media reports last week that said Dell was considering going public after operating for roughly five years as a private company.
Dell also said in the filing that it was considering a “business combination” with VMware (vmw, -2.28%), without elaborating. CNBC reported this week that Dell was considering selling itself to VMware in a so-called reverse merger as a way for Dell to be listed on the public markets without having to go through the formalities. At the time, both Dell and VMware declined to comment.
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