Dell might sell itself to VMWare in a massive deal

John Locher/AP

Dell is weighing a sale of its business to VMware, a massive and unusual deal that would allow Dell to go public by essentially selling itself to a company that it owns, according to CNBC.

Shares of VMware were down 8% on the report, which cited anonymous sources and noted that Dell is also considering other strategic options.

Dell owns 80% of VMware, a publicly traded software virtualization company that Dell acquired when it purchased EMC for $67 billion in 2015.

Developing...

Visit Markets Insider for constantly updated market quotes for individual stocks, ETFs, indices, commodities and currencies traded around the world. Go Now!