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.