Deals
Dell to Explore Sale of Boomi Cloud Business
- Boomi could be valued at more than $3 billion in a sale
- Dell announced plans to spin off stake in VMware Wednesday
Photographer: Sam Hodgson/Bloomberg
This article is for subscribers only.
Dell Technologies Inc. is exploring options including a potential sale of cloud business Boomi, according to people familiar with the matter, in the latest effort by Chief Executive Officer Michael Dell to trim down the personal computer maker.
Dell is working with a financial adviser on a divestiture of Boomi, which could be valued at up to $3 billion, the people said, asking not to identified because the matter is private.