GE Takes $105M Stake In Data Services Spinoff

Law360, New York (April 24, 2013, 2:26 PM EDT) -- General Electric Co. will pay $105 million to acquire a 10 percent stake in a data applications joint venture between EMC Corp. and VMware Inc. that officially became independent on April 1, according to a joint release by the parties Wednesday.

GE said it would make the strategic investment in Pivotal, a creation of the information storage leaders that aims to build a market-leading enterprise data platform. In addition to its minority acquisition, GE signed a term sheet with Pivotal for a long-term research and development...
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