"KKR Acquires Broadcom's Remote-Access and VMware's End-User Computing Units in $4 Billion Deals"
TL;DR Summary
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.
- Chipmaker Broadcom sells remote-access unit to KKR in $4 billion deal Reuters
- KKR to acquire VMware’s end user computing biz from Broadcom for $4B TechCrunch
- Broadcom Stock in Focus Amid Possible $3.8 Billion Software Unit Sale—Key Levels to Watch Investopedia
- KKR Nears $4 Billion Deal for Broadcom Unit Bloomberg
- VMware's end-user compute unit reportedly headed to private equity firm KKR The Register
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