EMC buys back $9.1M of VMware shares

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When VMware launched its stellar IPO in August 2007, many suggested that its parent company EMC may sell the virtualization vendor.
But over the years EMC reiterated multiple times that it has no intention to do so and that it would continue to keep around 80% of the ownership.

Quite the opposite, the company is buying back VMware stocks: TheStreet in fact just informed that EMC bought back 160,000 VMW shares, equal to approximately $9.1M.