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VMware in talks to acquire Pivotal Software

VMware Inc. is exploring a potential acquisition of cloud-native platform provider Pivotal Software Inc., both companies announced Aug. 14.

Under the proposed transaction, VMware would acquire all outstanding shares of Pivotal's class A common stock for $15.00 per share in cash.

The companies said there can be no assurance that a final agreement will be reached.

Dell Technologies Inc. is the controlling stockholder of both VMware and Pivotal.