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"KKR Acquires Broadcom's Remote-Access and VMware's End-User Computing Units in $4 Billion Deals"

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Source: Reuters
"KKR Acquires Broadcom's Remote-Access and VMware's End-User Computing Units in $4 Billion Deals"
Photo: Reuters
TL;DR

Chipmaker Broadcom is selling its end-user computing unit to private-equity firm KKR for $4 billion in a move to streamline its portfolio after the acquisition of VMware. The unit will operate as a standalone company under existing management. KKR's active investment in the technology services sector reflects the industry's growth during the pandemic, and the deal is expected to close in 2024.

Topics:businessbusinesstechnology#acquisition#broadcom#businesstechnology#end-user-computing#kkr#technology-services
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  1. Chipmaker Broadcom sells remote-access unit to KKR in $4 billion deal  Reuters
  2. KKR to acquire VMware’s end user computing biz from Broadcom for $4B  TechCrunch
  3. Broadcom Stock in Focus Amid Possible $3.8 Billion Software Unit Sale—Key Levels to Watch  Investopedia
  4. KKR Nears $4 Billion Deal for Broadcom Unit  Bloomberg
  5. VMware's end-user compute unit reportedly headed to private equity firm KKR  The Register

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