Broadcom’s VMware Deal To Net Michael Dell $21.65B In Cash And Stock
Summary
As the owner of 169,278,015 million shares of VMware—like change in his pocket—Dell Technologies CEO Michael Dell is due $21.65 billion in cash and stock following the close of VMware’s acquisition by Broadcom. The payday—which represents one-third of the $61 billion that Broadcom is paying for the 37,500-employee virtualization leader—was disclosed by VMware in a regulatory filing last week with the Securities and Exchange Commission. The disclosure included the amount of cash and Broadcom stock due to each member of VMware’s non-employee board of directors. Denman also was CEO of Emotient, a provider of video-based automated facial expression measurement software technology, from 2012 until the company was acquired by Apple in 2016. He has previously worked as senior adviser and executive in resident at venture capital firm General Catalyst, a director at EMC, the CEO of Akamai, and served as a member of President Obama’s National Security Telecommunications Advisory Committee.
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