- EMC +2.7% premarket following a NY Post report that it is exploring a sale of its stake in VMware (NYSE:VMW).
- Paul Singer’s Elliott Management, which has reported a 2% stake in EMC, has been pressuring the tech giant specializing in cloud-based applications to exit its 80% stake in VMW.
- EMC bought VMW for $600M in 2004; VMW's current market cap is $41B.
NY Post: EMC explores selling stake in VMWare
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