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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.
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Dell Becomes Billionaire Kingmaker in Broadcom, VMware Deal

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