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October 20, 2015 09:37 pm GMT
In a surprise move today at its earnings call, VMware announced that together with EMC, it was forming a jointly-owned company under the name of Virtustream, which is the company EMC bought last spring for $1.2 billion. The move comes against the dramatic backdrop of the announcement last week that Dell was acquiring EMC for $67 billion. You see, EMCowns 80 percent of VMware. To… Read More
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/qfN3t2fNgb4/
EMC And VMware Spin Out Virtustream As Jointly Owned Company
In a surprise move today at its earnings call, VMware announced that together with EMC, it was forming a jointly-owned company under the name of Virtustream, which is the company EMC bought last spring for $1.2 billion. The move comes against the dramatic backdrop of the announcement last week that Dell was acquiring EMC for $67 billion. You see, EMCowns 80 percent of VMware. To… Read MoreOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/qfN3t2fNgb4/
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