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.
