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
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
On Wednesday, Morgan Stanley maintained its Equalweight rating on shares of Nutanix (NASDAQ:), while increasing the price target to $63 from the previous $58. The firm’s analysis indicates that Nutanix could see a revenue growth boost of 2-5% in the coming years, attributed to the potential increased traction for the company following Broadcom (NASDAQ:)’s acquisition … Read more
On Wednesday, Morgan Stanley (NYSE:) maintained its Equalweight rating on shares of Nutanix (NASDAQ:), while increasing the price target to $63 from the previous $58. The firm’s analysis indicates that Nutanix could see a revenue growth boost of 2-5% in the coming years, attributed to the potential increased traction for the company following Broadcom (NASDAQ:)’s … Read more
The Broadcom acquisition of VMware shook the virtualization industry in Southeast Asia. While some see it as a mere shift of ownership, others fear price hikes, product cuts, and service quality decreases. This article analyzes the situation and potential scenarios and describes some actionable steps that businesses can take to navigate this turbulence. VMware’s journey: … Read more
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
A potentially $1 billion deal by semiconductor manufacturer Broadcom to sell a security software business it acquired with its $61 billion purchase of VMware last year has reportedly been put on hold, if not abandoned. Investment firm KKR had agreed to buy Carbon Black along with VMware’s entire end-user computing (EUC) business, including VMware’s Workspace … Read more
(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
(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
By Ryan Gould | Bloomberg KKR & Co. is nearing a deal worth about $4 billion to buy a software business from Broadcom, according to people with knowledge of the matter. The acquisition could be announced as soon as Monday, said the people, who asked not to be identified because the details haven’t been made … Read more