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EMC considers selling stake in VMware: NY Post

11
Sep
2014

(Reuters) – Data storage products maker EMC Corp has decided to consider selling its stake in its virtualization software unit, VMware Inc, New York Post reported, citing sources familiar with the situation. Hewlett-Packard Co is a potential buyer for VMware, a source told the paper. Elliott has invested more than $1 billion in EMC with an aim to push it to spin off VMware, which has a market value of about $41.88 billion. EMC, which owns about 80 percent of VMware, had bought the company in 2004 for $700 million.

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