SiliconBeat

As get-rich-quick schemes go, buying a boatload of VMware’s stock at a deep discount after its starmaking IPO is a pretty good one. Of course in this case the buyer, Intel, probably doesn’t really need the money. It’s probably more interested in having its ever-loving arms around the shoulder of the Valley’s favorite new crush.

On Tuesday, Intel of Santa Clara, filed a 13-D disclosing the size of its stock purchase in VMware. On August 23, Intel paid $218.5 million to buy 9.5 million shares, or 12.6 percent of VMware’s stock. That means that Intel paid $23 per share for the stock that closed at $70.20 that same day. You can’t find deals like that at the dollar store.

Intel had previously announced intentions to buy VMware stock back in July, but had not released the details.

So besides tripling its money in one day, what else does Intel get? As part of the deal, VMware must appoint an Intel executive to its board by the end of the month.