The whole Dell related ownership structure is just ... odd.

    Under the terms of the transaction, Pivotal's Class A common
    stockholders will receive $15.00 per share cash for each
    share held, and Pivotal's Class B common stockholder, Dell
    Technologies, will receive approximately 7.2 million shares
    of VMware Class B common stock, at an exchange ratio of
    0.0550 shares of VMware Class B common stock for each share
    of Pivotal Class B common stock. This transaction, in
    aggregate, results in an expected net cash payout for VMware
    of $0.8 billion. The impact of equity issued to Dell
    Technologies would increase its ownership stake in VMware by
    approximately 0.34 percentage points to 81.09% based on the
    shares currently outstanding. VMware currently holds 15
    percent of fully-diluted outstanding shares of Pivotal. The
    transaction is expected to be funded through cash on the
    balance sheet, accessing short-term borrowing capacity, and
    approximately 7.2 million shares of VMware Class B common
    stock to Dell.