Dell Sweetens Key Deal Terms in Path Back to Public Markets

Dell to boost cash portion of DVMT deal by about 50%, according to people familiar with the matter

Cara Lombardo and

Dana Cimilluca

Updated Nov. 15, 2018 1:31 a.m. ET

Dell Technologies Inc. plans to sweeten a $22 billion deal to buy out an affiliate and return to the public markets, according to people familiar with the matter—months after the PC and data-storage giant’s initial proposal sparked intense shareholder opposition.

Under the new deal, which could be announced as soon as this week, shareholders of the affiliate, known as DVMT, would receive cash and stock worth more than the current $109-a-share price, the people said. Exactly how much will depend on how DVMT shares trade in...