November 27, 2022

Dell Applied sciences agrees to $1bn cost over VMware

Dell Technologies agrees to 1bn payment over VMware

Dell Technologies agrees to 1bn payment over VMware

Dell Applied sciences, the software program and laptop computer firm managed by Michael Dell and personal fairness group Silver Lake, has agreed to pay $1bn to settle a lawsuit over its acquisition of software program firm VMware, which might be one of many greatest shareholder awards within the Delaware Court docket of Chancery.

The case dates to 2018, when Dell’s eponymous firm re-entered public markets by means of a reverse merger. Beforehand owned by Dell and Silver Lake, Dell Applied sciences listed at an enterprise…

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