UPDATE: VMware (VMW) May Spiin non-Core Assets Off into EMC (EMC) Vehicle
Tweet
Share
E-mailGet Alerts VMW Hot Sheet
Up)Join SI Premium – FREE
(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.
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
- Korean Air in Talks to Buy at Least 10 Boeing 777X Jets (BA) - Reuters
- Tuta Mail Files Google Complaint Under EU Tech Rules - Reuters
- EU Antitrust Regulators Concerned About Impact of KKR, Telecom Italia Deal on Viability of Wholesale Market - Reuters
Create E-mail Alert Related Categories
Rumors, Trader TalkSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
