Wednesday, October 21, 2015

EMC And VMware Spin Out Virtustream As Jointly Owned Company | TechCrunch

Multifaceted hybrid

"The move comes against the dramatic backdrop of the announcement last week that Dell was acquiring EMC for $67 billion. You see, EMC owns 80 percent of VMware. To complicate matters, VMware is traded as a separate company, and the newly formed Virtustream will be owned 50/50 by both companies. It gets even trickier because Virtustream’s financial results are going to be consolidated into VMware financial statements beginning in Q1 2016.

Got that? To sum up: Dell is buying EMC. EMC owns most of VMware. VMware is a separately traded company. VMware and EMC own Virtustream together, but Virtustream’s financials will become part of VMware."
EMC And VMware Spin Out Virtustream As Jointly Owned Company | TechCrunch
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