VMware‘s end-user computing division is set to be acquired by private equity firm KKR in a $3.8 billion deal, according to a recent Reuters report. If the deal goes through, VMware‘s desktop virtualization and application publishing will be outsourced as part of plans announced by Broadcom in December 2023. The estimated sales for end-user computer … Read more
O’Melveny provided guidance to Broadcom Inc. in a recent deal. Broadcom Inc. is a top technology company specializing in designing and producing various semiconductors and infrastructure. The details of the deal were exclusive to standard members for a year. For access, individuals can join now. Article Source https://globallegalchronicle.com/kkrs-us4-billion-acquisition-of-end-user-computing-division-of-broadcom/
News KKR Buys VMware’s Virtual Desktop Business from Broadcom for $4B By Gladys Rama February 27, 2024 There’s yet another new chapter in the VMware saga: Its End User Computing (EUC) business, which includes several enterprise virtual desktop staples, has been divested by current owner Broadcom. Specifically, it’s being sold to investment fim … Read more
Chipmaker Broadcom is set to sell its end-user computing (EUC) unit to private equity firm, KKR, for £3.1 billion ($4 billion). The move aims to streamline Broadcom’s portfolio following its £54.4 billion ($69 billion) purchase of VMware last year. When finalised, the EUC unit will function as a standalone company, run by its existing management … Read more
Cleary Gottlieb is acting as global antitrust counsel to Broadcom Inc. (Broadcom) in its proposed sale of VMware’s End User Compute (EUC) division to the global investment firm KKR. The transaction is valued at approximately $3.8 billion and is expected to close in 2024. EUC provides digital workspace solutions that allow companies to securely manage … Read more
Chipmaker Broadcom is selling its end-user computing (EUC) unit to private equity firm, KKR, for £3.1 billion ($4 billion). The move aims to streamline Broadcom’s portfolio following its £54.4 billion ($69 billion) purchase of VMware last year. When finalised, the EUC unit will function as a standalone company, run by its existing management team and … 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
(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
Private equity players have been on the lookout for multi-billion dollar deals in recent times. Having witnessed a slowdown in 2023, some really big deals are now being spoken off and KKR added to the flurry of activity by announcing its acquisition of Broadcom’s end-user computing business. It paid $4 billion for VMware Workspace One … Read more
KKR & Co (NYSE:KKR) is reportedly close to finalizing a purchase of a software division from Broadcom Inc (NASDAQ:AVGO) for approximately $4 billion, with the announcement potentially expected on Monday. The unit in question, acquired by Broadcom through its $61 billion takeover of VMware Inc. in 2023, specializes in software that facilitates remote desktop and … Read more