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Cisco said to be selling most of VCE stake to EMC

Bob Brown | Oct. 23, 2014
VCE to become an EMC Business, with Cisco stake cut to 10%.

EMC has been in the middle of much speculation in recent months. Over the summer, there was a push by some investors for EMC to ditch its 80% stake in VMware. More recently, reports surfaced about EMC and HP having held merger talks. And the latest speculation comes as IT industry breakups, from eBay-PayPal to Symantec and HP, have become all the rage.

Meanwhile, speculation over Cisco possibly curtailing investment in VCE arose earlier this month, with both Cisco and EMC dismissing such talk.

 

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