Dell Technologies Inc said on Monday it would pay $21.7 billion in to buy back shares tied to its interest in software company VMware Inc, paving the computer maker’s way back to the public market without an initial public offering.
Dell said the cash and stock deal will value its equity at between $61.1 billion and $70.1 billion, more than twice the $24.9 billion that founder and Chief Executive Michael Dell and buyout firm Silver Lake paid to take company private in 2013.
