Billion

Cisco Experiences Growth with 5K New Splunk Customers, Potentially Adding $1.4 Billion in Revenue (NASDAQ:CSCO)

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The article discusses Cisco Systems Inc.’s recent earnings report and the impact on its valuation. Despite a slight decrease in stock price following the earnings release, the author reaffirms their “strong-buy” rating for Cisco. The company’s growth plan focuses on networking equipment, which is crucial for supporting the increasing bandwidth requirements of AI data centers. … Read more

AWS to invest €7.8 billion in expanding European operations with new sovereign data center

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Amazon Web Services is making a substantial investment of €7.8 billion in Europe to create a new European cloud region focused on data sovereignty. This investment is aimed at meeting the region’s strict data regulations, boosting local economies, and creating job opportunities. The new European Sovereign Cloud will be a separate cloud environment from the … Read more

Officials commence construction at $10 billion Amazon Web Services project in Madison County – SuperTalk Mississippi

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Construction has started on a $10 billion project by Amazon Web Services in Madison County, Mississippi. This investment is the largest in the state’s history and will create at least 1,000 high-tech, high-paying jobs. Governor Tate Reeves called this a defining moment for economic development in Mississippi and expressed pride in the impact it will … Read more

Citrix Parent Increases Deal Size to $1.8 Billion, Sells Bond After Upsizing Twice

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Cloud Software Group Inc., the parent company of Citrix Systems Inc., recently sought funding from investors for the third time in six months to pay off higher-cost obligations. This move is part of a trend where many riskier borrowers are taking advantage of favorable credit conditions to raise funds. The private equity firm initially aimed … Read more

Citrix Parent Successfully Upsizes Bond Deal to $1.8 Billion Before Selling

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Cloud Software Group Inc., the parent company of Citrix Systems Inc., has recently sought funding from investors for the third time in six months in order to pay off higher-cost debts. This move reflects a trend of riskier borrowers taking advantage of favorable credit conditions to raise funds. The private equity firm initially aimed to … Read more

Citrix Parent Looks to Save with $4.1 Billion Loan Refinancing

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Citrix Systems Inc’s parent company, Cloud Software Group Inc, is expected to see significant savings in annual interest costs due to its upcoming $4.1 billion restructuring of a leveraged loan. This move is anticipated to result in millions of dollars in savings for the company. The overhaul of the loan is a strategic decision made … Read more

Leaked memos: Broadcom leaders address KKR’s plans to acquire a VMware business unit for $4 billion

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Leaked memos: Broadcom leaders address KKR’s plans to acquire a VMware business unit for billion

Broadcom leaders addressed VMware staff about the future of one of its business units that global investment firm KKR plans to acquire, according to internal memos viewed by Business Insider. KKR announced on Monday that it entered into a definitive agreement to acquire the End-User Computing division from Broadcom for about $4 billion. Under this … Read more

Chipmaker Broadcom sells remote-access unit to KKR in $4 billion deal

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Chipmaker Broadcom sells remote-access unit to KKR in billion deal

(Reuters) -Chipmaker Broadcom is selling its unit that allows users to remotely access desktops in a deal valued at about $4 billion to KKR, furthering CEO Hock Tan’s efforts to streamline the firm’s portfolio following its VMware takeover. The end-user computing (EUC) unit will become a standalone company and will continue to be run by … Read more

Chipmaker Broadcom sells remote-access unit to KKR in $4 billion deal

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Chipmaker Broadcom sells remote-access unit to KKR in billion deal

(Reuters) -Chipmaker Broadcom is selling its unit that allows users to access desktops and applications from any device to private-equity firm KKR in a deal valued at about $4 billion, as part of its efforts to simplify its business after VMware’s acquisition last year for a whopping $69 billion. The end-user computing (EUC) unit will … Read more

KKR to acquire VMware’s EUC Division from Broadcom for $4 billion – Tech Observer

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KKR to acquire VMware’s EUC Division from Broadcom for billion – Tech Observer

Investment firm KKR has reached a definitive agreement to acquire Broadcom‘s End-User Computing Division (EUC Division) for roughly $4 billion. The transaction will transform the EUC Division into an independent entity. Previously part of VMware before Broadcom’s acquisition, the EUC Division specialises in digital workspace technologies. It offers Horizon, a virtual desktop and application platform, … Read more