In a regulatory filing, Dell Technologies (DELL) disclosed that on January 25, the company delivered to Broadcom Inc. (AVGO) written notice of termination of the Commercial Framework Agreement, dated as of November 1, 2021, by and between the company and VMware, Inc. “The Agreement provides that upon a Change in Control of either party, the other party may terminate the Agreement upon 60 days’ written notice. A Change in Control of VMware occurred upon the acquisition on November 22, 2023 of VMware’s successor, VMware LLC, by Broadcom Inc. The Agreement provides a framework for various commercial activities between the two parties, including how the Company will act as a distributor of VMware products and services as well as how the parties collaborate on certain solutions and go-to-market activities,” the filing stated.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on DELL:
- Here’s Why Lenovo Shares Plunged
- Dell, Micron-backed group advocating against rivals’ China ties, Bloomberg says
- Here’s what Wall Street is saying about IBM ahead of earnings
- Six Flags launches digital alliance with several technological companies
- Dell Technologies price target raised to $92 from $84 at Citi
