Dell Becomes Billionaire Kingmaker in Broadcom, VMware Deal (yahoo.com) 10
Technology entrepreneur Michael Dell once again finds himself at the center of one of his industry's biggest deals. From a report: Dell holds a roughly $16.2 billion stake in VMware, meaning he's likely to have a important say in a potential takeover of the cloud-computing provider by chip maker Broadcom. The two companies are in talks about a transaction, Bloomberg News reported Sunday. While it's not known what price Broadcom is willing to pay for VMware, which has a market value of $40 billion, it may have to offer a sizable premium to get the company's shareholders on board. VMware's market capitalization touched $70 billion as recently as October, when Dell's interest would have been worth some $28 billion. Shares in VMware rose 15% in premarket trading on Monday, which would value the company at about $46 billion.
What would Michael Dell do? (Score:2)
https://www.cnet.com/tech/tech... [cnet.com]
Congratulations Mr. Dell (Score:2)
Why is this a story?
Why post this? Why even read this site? (Score:2)
a cloud computing company (VMware) and IP silicon company (Broadcom) merger overseen by one of the most famous names in personal computing, who holds about a third of the stake in VMware.
I think that qualifies as "news for nerds". If it's not interesting to you then it's time for you to move on, because this is about as good as Slashdot gets.
Being a billionaire is becoming common (Score:2)
A New Billionaire Was Created Every 30 Hours During The Pandemic: Oxfam [huffpost.com]
Re: (Score:2)
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At this rate we'll all be billionnaires in about 24 million years! Now that's what I call "trickling."
But then thanks to rampant inflation we might all be billionnaires in a few years, once our money won't be worth anything.