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Profit Over Play: The Rise of Private Equity in the NFL
business7 days ago

Profit Over Play: The Rise of Private Equity in the NFL

An opinion piece argues that the NFL’s 2021 shift allowing private equity firms to own up to 10% of a team has enabled outfits like Arctos to buy stakes in three franchises (Chargers, Bills, Browns) and links to KKR, turning the league into a broader PE portfolio rather than a collection of city-centered teams. This cross-ownership could push decisions toward ROI and media rights over on-field success and community interests, creating a ‘canary in the coal mine’ scenario that risks monopolistic influence and a slippery slope for fan trust and league balance.

via SB Nation|
#arctos#business#kkr
KKR backs MLS Next Pro to fuel expansion and development
business26 days ago

KKR backs MLS Next Pro to fuel expansion and development

Global investment firm KKR will make a strategic investment in MLS Next Pro and form Hometown Soccer Holdings to steer commercial strategy, help move MLS-affiliated clubs into new U.S. markets, and bolster player development. The partnership aims to build local brands, pursue stadium deals, and expand MLS Next Pro’s footprint while MLS retains sporting control, addressing past commercial challenges with a long‑term growth plan for development and grassroots soccer across the country.

via The New York Times|
#business#expansion-markets#hometown-soccer-holdings
"KKR's $4 Billion Acquisition of Broadcom's VMware EUC Business: Key Insights"
businesstechnology2 years ago

"KKR's $4 Billion Acquisition of Broadcom's VMware EUC Business: Key Insights"

Private equity firm KKR has offered $4 billion to acquire Broadcom's VMware End-User Computing (EUC) business, promising to expand R&D, pursue new partnerships, and invest in employee ownership. The deal is expected to close in 2024, and the EUC Division will become a standalone company with increased access to growth capital. Partners hope the acquisition will bring back innovation to the EUC business, contrasting recent layoffs at competitor Citrix. The existing management team, led by Shankar Iyer, will remain in place, and KKR's investment is seen as a positive development for the overall EUC market.

via CRN|
#broadcom#businesstechnology#euc
"KKR Acquires Broadcom's Remote-Access and VMware's End-User Computing Units in $4 Billion Deals"
businesstechnology2 years ago

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

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.

via Reuters|
#acquisition#broadcom#businesstechnology
KKR's $4B Acquisition of VMware's End User Computing Business from Broadcom
businesstechnology2 years ago

KKR's $4B Acquisition of VMware's End User Computing Business from Broadcom

KKR is set to acquire Broadcom's end user computing business, including VMware Workspace One and VMware Horizon, for $4 billion, following Broadcom's $61 billion acquisition of VMware last year. The deal, announced in May 2022, has finally cleared regulatory hurdles and is expected to close later this year. KKR plans to implement an employee ownership program and sees potential for growth in building out the end user computing division as a standalone business. This marks the fifth multi-billion dollar deal of the year, amidst a resurgence in M&A activity.

via TechCrunch|
#broadcom#businesstechnology#end-user-computing
"KKR's $3.8 Billion Acquisition of VMware's Remote Access Computing Business"
technology2 years ago

"KKR's $3.8 Billion Acquisition of VMware's Remote Access Computing Business"

Private equity firm KKR is reportedly set to acquire VMware's end-user compute business unit for $3.8 billion, inheriting a client list with many customers in government and highly-regulated industries. The acquisition comes after Broadcom's plans to offload VMware's desktop virtualization and application publishing estate, with concerns raised about potential price increases and underutilization of software under Broadcom's licensing scheme. Negotiations with VMware by Broadcom could become heated, as customers brace for potential price rises and explore alternatives like cloud-hosted desktops offered by AWS, Alibaba Cloud, and Microsoft.

via The Register|
#broadcom#end-user-compute#kkr
"KKR's $4 Billion Acquisition of Broadcom's EUC Division Sends Stock Soaring"
business2 years ago

"KKR's $4 Billion Acquisition of Broadcom's EUC Division Sends Stock Soaring"

Chipmaker Broadcom is reportedly in talks to sell VMware's End User Compute business to private equity firm KKR for $3.8 billion, as part of its efforts to streamline operations after acquiring VMware. The move aligns with Broadcom's strategy to make VMware more profitable, with plans to restructure the company and divest smaller business units. KKR's interest in the EUC business reflects its focus on acquiring legacy businesses with consistent profits, while providing Broadcom with much-needed cash to settle debts from the VMware acquisition.

via SiliconANGLE News|
#acquisition#broadcom#business
Broadcom's $3.8B Sale of VMware End User Compute Business to KKR Near Completion
businesstech2 years ago

Broadcom's $3.8B Sale of VMware End User Compute Business to KKR Near Completion

Private equity firm KKR is reportedly close to acquiring Broadcom's VMware End User Compute (EUC) business for $3.8 billion, following Broadcom's $69 billion acquisition of VMware last year. The deal, which could be announced as early as Monday, is seen as a positive move for the industry, with KKR potentially being a good steward of the technology and business. This acquisition could create a new EUC powerhouse and benefit employees, customers, and partners, providing a more certain future for the VMware EUC business and the VDI market as a whole.

via CRN|
#broadcom#businesstech#euc
"KKR to Acquire Broadcom's Remote Access Unit for $3.8 Billion"
business2 years ago

"KKR to Acquire Broadcom's Remote Access Unit for $3.8 Billion"

Chipmaker Broadcom is close to finalizing a $3.8 billion deal to sell its end-user computing unit to private equity firm KKR, as part of CEO Hock Tan's efforts to streamline the company's portfolio following its acquisition of VMware. KKR emerged as the winning bidder in the auction for the unit, outbidding other private equity firms. The deal, expected to be announced soon, reflects Broadcom's strategy to divest certain businesses, while KKR continues its active dealmaking in the technology sector.

via Yahoo Finance|
#broadcom#business#deal
"KKR's $3.8 Billion Acquisition of Broadcom's Remote Access Unit Nears Completion"
business2 years ago

"KKR's $3.8 Billion Acquisition of Broadcom's Remote Access Unit Nears Completion"

Chipmaker Broadcom is reportedly close to selling its remote access unit to private-equity firm KKR for $3.8 billion, as part of CEO Hock Tan's efforts to streamline the company's portfolio after acquiring VMware. KKR outbid other firms in the auction for the end-user computing unit, and the deal could be announced as early as Monday. This move follows Broadcom's previous announcement to divest its end-user computing unit and its attempt to shed VMware's security software business Carbon Black.

via CNBC|
#broadcom#business#chipmaker