VMware and Pivotal are Talking Acquisition; Pivotal’s Stock Skyrockets - Virtual Intelligence Briefing

VMware and Pivotal are Talking Acquisition; Pivotal’s Stock Skyrockets

“Special committees” at VMware and Pivotal, the software company VMware spun off in 2012, have been talking about a potential acquisition, according to a note for investors posted on VMware’s website Wednesday.

The note says nothing’s been decided, and a deal may not happen, but the things are getting serious in those talks, according to an SEC filing by Dell Technologies, which holds controlling stakes in both companies: the committees are “proceeding to negotiate definitive agreements with respect to a transaction…”

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