Dell Unveils Plan For VMware Spin-off To ‘Unlock Significant Value’ The spin-off of Dell’s 81-percent stake in VMware will form two standalone companies, and is expected to close in the fourth quarter of 2021. By Kyle Alspach April 14, 2021, 05:14 PM EDT Dell Technologies on Wednesday announced its plan to spin off its majority stake in VMware in a move to “drive additional growth opportunities” for the two companies as standalone entities. Data center technologies giant Dell—which owns an 81-percent share of virtualization leader VMware—said it expects the spin-off to close in the fourth quarter of the year. On Wednesday, Michael Dell, chairman and CEO of Dell Technologies, said in a news release that the VMware spin-off will “drive additional growth opportunities for Dell Technologies as well as VMware, and unlock significant value for stakeholders.”