UPDATE: VMware (VMW) May Spiin non-Core Assets Off into EMC (EMC) Vehicle

November 27, 2012 1:50 PM EST
(Updated - November 27, 2012 1:55 PM EST)

VMware, Inc. (NYSE: VMW) said to be spinning off non-core assets to EMC (NYSE: EMC).

UPDATE - GigaOm says that VMware will spin the assets into a subsidiary of EMC. The deal might be announced next week, if everything goes to plan.

Transferred assets might include he Cloud Foundry Platform as a Service (PaaS), GemStone data caching technology, SpringSource Java frameworks, amongst others.

Spinning off the assets will allow VMware to focus more on Vsphere and VMWare cloud management businesses, GigaOm notes.

Shares are modestly higher after spiking earlier on the session.

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In

Related Categories

Rumors, Trader Talk

Add Your Comment