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Dell CFO Tom Sweet discusses Dell's big bet in buying EMC and VMware - Business Insider

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The CFO of Dell explains how a 5-minute call with Michael Dell put him in the position of navigating the company through a $67 billion mega-merger and a public offering

which allowed the tech company to go public without an initial public offering. But even tougher was the bold move of buying EMC and VMware in 2015.

But the trickiest part of the EMC-VMware deal was integrating the two huge entities into Dell. VMware, a publicly traded company in its own right, led by a veteran and respected"We are the majority owner, but on the other hand you try to be respectful of the environment," he said. "VMware has been very successful with an ecosystem that has many partners in it.

Sweet said that when Dell went private in 2013, the prevailing view was, "Hey, public cloud will take over the world." which would let businesses install the company's data center gear, but pay only for the computing capacity they use, instead of paying sticker price for the hardware.

 

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