Summary by Moomoo AI
On January 25, 2024, Dell Technologies Inc. issued a notice of termination for the Commercial Framework Agreement with VMware, Inc., originally established on November 1, 2021. This decision follows a Change in Control event where Broadcom Inc. acquired VMware LLC, the successor to VMware, Inc., on November 22, 2023. The terminated agreement outlined the commercial relationship between Dell and VMware, including distribution of VMware products and collaborative go-to-market activities. The termination was made possible by a clause allowing either party to end the agreement with 60 days' notice following a Change in Control. The formal termination notice was signed by Christopher A. Garcia, Senior Vice President and Assistant Secretary of Dell Technologies.