* Intel Buys Into VMware
posted by Thom Holwerda on Mon 9th Jul 2007 22:00 UTC, submitted by _mikk
Icon"Intel and VMware announced today that Intel Capital is taking a USD 218.5 million stake in virtualization company VMWare. Intel will purchase 9.5 million Class A shares at USD 23 per share, which, at the completion of VMware's forthcoming IPO, will give Intel about a 2.5 percent stake in the company. Because VMware's stock is split between Class A shares, which have less voting power, and Class B shares, Intel won't control that many votes in the company, but they will get a board seat."
e p (1)    22 Comment(s)

Related Articles

* Intel Previews Next-Gen Classmate PC
posted by Amjith Ramanujam on Thu 21st Aug 2008 18:07
* Intel Gives 'turbo' Boost to Nehalem
posted by Amjith Ramanujam on Wed 20th Aug 2008 17:13 submitted by Vito Melecka
* Intel's Centrino 2 Platform is Finally Here
posted by Amjith Ramanujam on Wed 16th Jul 2008 22:22