Pivotal, VMWare In Talks For $1.5B Simpson Thacher-Led Deal

Law360 (August 15, 2019, 10:51 AM EDT) -- San Francisco-based Pivotal Software said Thursday in a regulatory filing that it is in the midst of negotiating with VMWare to be bought for roughly $1.45 billion in a deal led by Simpson Thacher that would bring the two cloud-based software providers together.

Pivotal Software Inc. said in a filing with the U.S. Securities and Exchange Commission that it is in discussions with Dell Technologies Inc. subsidiary VMWare Inc. to be acquired for $15 per share. Pivotal is a provider of cloud-based tools allowing businesses to build and manage their mobile applications.

Shares in Pivotal jumped 65.4% on Thursday, trading at...

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