It was reported recently that Dell is thinking about a merger with a company that it already owns. It was said to be mulling a reverse merger with VMware. The company hadn’t confirmed it at that time but it has now confirmed that it’s thinking about the reverse merger as well as other options. Dell has revealed in a filing with the SEC that the options it’s looking at also include an IPO.
Dell first went public back in 1988 but its founder Michael Dell took the company private for $24 billion in 2013. The company has confirmed through a filing with the SEC that it’s considering a Dell public stock offering which is basically going to be an IPO, making it the second time that Dell would go public if it decides to do that.
The filing also confirms that Dell is thinking about a “business combination with VMware,” it currently owns 80 percent of VMware. The previous report suggested that Dell is considering a reverse merger which would see VMware buying Dell and thus enabling it to be traded publicly without having to go through a listing process.
Dell also says in the filing that doing nothing remains an option as well and that the board might decide to not go forward with either option. Whatever it decides, Dell has confirmed that it’s not considering selling itself or VMware to a third party. That option is off the table.
It’s unclear right now how long it’s going to take before a company reaches a decision on what might turn out to be one of the biggest deals in tech, at least if it’s a reverse merger.
Filed in . Read more about Dell. Source: investors.delltechnologies