All articles tagged with #end user computing
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.
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.
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.