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The Wall Street Journal: Dell said to be near deal to acquire VMware tracking stock

Dell Inc. is nearing a deal that would once again make the PC and data-storage giant a public company, according to people familiar with the matter.

Dell plans to announce as early as Monday that it intends to acquire via a share swap the DVMT tracking stock, which tracks its fast-growing VMware Inc. virtualization-software unit, the people said.

Terms of the agreement, which could still fall through, couldn’t be learned, but Dell plans to acquire the DVMT shares at a premium and DVMT shareholders are also expected to receive several billion dollars in cash as part of the deal. Dell Technologies Inc.

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