VMware is slipping after reports it might buy Dell in a massive tech deal

Thomson Reuters

VMware CEO Pat Gelsinger

• Dell could be coming back to the public markets as the result of an odd reverse merger with VMWare, CNBC reported on Monday.
• Shares of VMware fell more than 8% on the news, to about $138.61.
• The reverse merger would involve the smaller VMware taking over the larger Dell, which currently owns 80% of VMware.
• Dell went private in 2013, and would go through the reverse merger in order to move back onto the public markets without a new public offering. Dell is looking into other methods of going public as well.
• Dell acquired its stake in VMware in 2015, when the company bought a majority of EMC for $67 billion, according to CNBC. This merger could be worth even more than that.

Read more about the potential merger here.

Markets Insider