Monday, July 9, 2007

Intel buys stake in EMC's VMware, gets board seat

(Reuters) - No. 1 chipmaker Intel will pay $23 a share for 9.5 million Class A common shares in VMware, giving it 2.5 percent of all outstanding common stock




VMware also said in a regulatory filing shedding new information on plans for its upcoming IPO that it expects to sell up to 37.95 million shares to the public for an estimated price of between $23 and $25 per share.


Read more at Reuters.com Bonds News

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