By Al Barbarino (February 26, 2024, 11:43 AM EST) — Simpson Thacher & Bartlett LLP-advised KKR said Monday it has agreed to acquire Broadcom Inc.’s end-user computing division in a transaction valued at approximately $4 billion, with Wachtell Lipton Rosen & Katz representing Broadcom on the deal. … Law360 is on it, so you are, too. A … Read more
âThe paralysis that had overtaken the VMware EUC business is gone,â said Jed Ayres, CEO of ControlUp, a leader in the digital employee experience software market. âKKR is going to provide innovation, investment, leadership, vision and stability. KKR is going to be a stabilizing force for this business. This is a great thing for the … Read more
It seems that Broadcom isn’t quite finished with its shake-up of VMware just yet, as it plans to sell off its End-User Compute (EUC) arm. According to reports, Broadcom, which bought VMware in November 2023, is selling the EUC portion to KKR, a private equity firm that already owns cyber security firm Barracuda Networks, as … Read more
Chipmaker Broadcom Inc. is reportedly looking to offload VMware Inc.’s End User Compute business to the private equity firm KKR & Co Inc. in a deal worth $3.8 billion. Reuters said Saturday that the proposed deal is the latest in a series of moves by Broadcom Chief Executive Hock Tan to streamline its business operations … Read more
Dell Technologies is terminating its distribution agreement with VMware, a US regulatory filing has revealed. That deal had seen Dell agree to distribute the cloud computing software provider’s products and services, as part of a wider agreement between the two companies after VMware was spun off from Dell in 2021. However, VMware’s takeover by Broadcom … Read more
Cookie Settings SDxCentral employs cookies to improve your experience on our site, to analyze traffic and performance, and to serve personalized content and advertising relevant to your professional interests. You can manage your preferences at any time. View our Privacy Policy for more information. Save and Exit Source link
Dell represented VMware’s “largest route-to-market” and it has generated $17.3 billion in sales for the virtualization giant, as of November 2023, according to SEC filings. But Dell nixed the deal that hauled in that revenue last week. Dell Technologies has generated at least $17.3 billion in revenue for VMware since 2021, and it annually provided … Read more
Dell Technologies has terminated its distribution deal with VMware after Broadcom’s acquisition of the company. Source link
In a recent regulatory filing, Dell Technologies has confirmed it will be terminating its commercial framework agreement with VMware by using a clause that would allow either party to pull out should there be a change in the control of the other party. Until November 2021, Dell had an 81% stake in VMware, but this … Read more
Dell has terminated its distribution deal for VMware products. A regulatory filing in the US today reveals Dell has written to Broadcom terminating a “commercial framework agreement” forged in November 2021 between Dell and VMware, which is now owned by Broadcom. That agreement was struck on the same day Dell and VMware parted ways – … Read more