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Form 8-K · Current Report · Filed 2024-01-30

Dell Terminates Agreement with Broadcom Following VMware Acquisition

On January 25, 2024, Dell Technologies Inc.

Filer
Dell Technologies Inc. DELL · NYSE
Filed
Accession
0001571996-24-000004
CIK
0001571996
Signal
Medium impactTechnology

Details

terminated its Commercial Framework Agreement with Broadcom Inc., following Broadcom's acquisition of VMware LLC on November 22, 2023. The agreement allowed Dell to act as a distributor of VMware products and services. The termination was due to a Change in Control as defined in the agreement, triggering a 60-day notice period.

Items reported

Item 1.02

Termination of a Material Definitive Agreement

Contract Termination

Market reaction

Close before filing

$83.41

Next session

-0.6%

Since filing

+386.0%

Latest close

$405.37

What happened, not what will happen — closing prices around the filing date.

About Dell Technologies Inc.

Dell Technologies Inc. is a multinational technology company that designs, develops, manufactures, and supports a wide range of computer-related products and services. Its primary function is to provide infrastructure solutions, personal computing devices, and IT software tailored for both consumer and enterprise markets. Dell is renowned for its innovation in developing high-performance laptops, desktops, and a comprehensive range of computer peripherals. Moreover, it plays a vital role in industries such as healthcare, finance, education, and government by offering cloud solutions and enterprise software that enhance operational efficiency. Dell Technologies' influence in the technology sector is significant, owing to its commitment to sustainability and transforming how businesses operate through digital innovation. Founded by Michael Dell in 1984 and headquartered in Round Rock, Texas, Dell Technologies has evolved into a key player in the global PC market while expanding its reach in digital transformation services."}

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