VMware backs out of planned Virtustream cloud business

Just months after announcing plans to merge its cloud business with EMC’s Virtustream, VMware said today that it is backing out of the deal.VMware informed investors via a regulatory filing that it will no longer participate in the formation of a Virtustream Cloud Services Business unit, but did not say why.The move comes as EMC announced over the weekend that is moving forward with plans to be acquired by Dell for $67 billion, having not received any better offers since the record deal w