Dell | KERA News

Dell

Alyssa Garza, a UT sophomore
Eddie Gaspar / The Texas Tribune

Beginning next fall, the neediest freshmen at the University of Texas will get a boost of $20,000 in financial aid to cover their long list of college living expenses — thanks to a $100 million gift from the Michael and Susan Dell Foundation.

Shareholders of Round Rock-based Dell Technologies voted Tuesday to take the company public after operating for five years as a private company. The closing of the roughly $23 billion move will happen at the end of the month.

Round Rock-based Dell Technologies is going public again after operating for five years as a private company. The $21.7 billion deal, announced Monday, was approved by the boards of Dell and VMware on Sunday night. VMware is the networking software company Dell acquired when it bought EMC.

Seeking to broaden its information technology product line, Dell is buying EMC Corp. for $67 billion in a deal that also gives EMC shareholders a stake in VMware, a cloud and virtualization company controlled by EMC.

That stake in VMWare, a publicly traded company whose stock has hovered around the $80 mark in recent weeks, would come in the form of a tracking stock, according to an announcement from Dell issued Monday morning.

Bill Zeeble / KERA News

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