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(Reuters) — Dell Applied sciences mentioned on Wednesday it might spin off its 81% stake in cloud computing software program maker VMware to create two standalone public corporations, in a transfer that can assist the PC maker cut back its pile of debt.
VMware is at the moment Dell’s best-performing unit because it has benefited from corporations trying to minimize prices and transfer to the cloud, a shift that has been accelerated by the COVID-19 pandemic.
Shares of Dell rose greater than 8%