"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.EMC And VMware Spin Out Virtustream As Jointly Owned Company | TechCrunch
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."
Wednesday, October 21, 2015
EMC And VMware Spin Out Virtustream As Jointly Owned Company | TechCrunch
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