Dell is Considering a Sale To VMware in What May Be Tech's Biggest Deal Ever (cnbc.com)

CNBC reports: Dell Technologies could emerge as a public company through a reverse-merger with VMware, the $60 billion cloud computing company it already controls, according to people familiar with the matter. The reverse merger, whereby VMware would actually buy the larger Dell, would then allow Dell to be traded publicly without going through a formal listing. It would also likely be the biggest deal in tech industry history, giving investors who backed Dell's move to go private in 2013 a way to monetize their deal, while helping Dell pay down some of its approximately $50 billion debt.

Comments

So Dells service will get even worse?

[greenwow]

Never thought that could happen, but here we are.

Corporate Raiders

[Anonymous Coward]

Right out of the Corporate Raiders playbook. Buy a company, bleed
it dry, make it borrow (hence the 50 billion debt), and dump it, in this
case to the public.

Re:I only have one question

[110010001000]

You should always be prepared if your business depends on a closed source software company. They could drop a product and you would have no recourse. If you don't have the sourcecode you don't have anything.

Not for your bonuses

[rsilvergun]

odds are those were planned well in advance (I suppose it's possible you're a C level employee, in which case bully for you). I haven't heard a peep about wage increases except from Walmart, and aside from Fox News all the analysts agree those wage increases were because the economy's recovered enough they have to pay more to keep workers, nothing to do with the tax cuts.

Meanwhile the mergers and acquisitions are putting everybody's jobs at risk. After all, what's the first thing a company does after a M&A?

This insanity should be illegal

[macraig]

Why is this even vaguely legal? If corporations are legally allowed to be persons, then why is it legal for one corporate person to buy and enslave another corporate person, and then turn around and sell that other person for profit?

We must hold corporate persons to the same standards of behavior and ethics as other persons. President Trump excepted, of course.

When companies merge

[rsilvergun]

they fire redundant staff. Sometimes even if the staff isn't redundant they lay people off to recover the costs associated with the merger and make the survivors work harder. If you've never experienced this first hand you are either very young or very lucky.

Unemployment might not be as low as the stats make it look. If it really was 4% we should be seeing much, much stronger upward momentum on wages. So far it's barely keeping pace with inflation. Walmart's seems higher because they've been putting off pay raises for 7 or 8 years.