KKR to Buy Broadcom's End-User Computing Division for $4 Billion
By Will Feuer
KKR said it has agreed to buy Broadcom's end-user computing division for about $4 billion, a deal that will see Broadcom divest a unit it inherited through its $69 billion acquisition of VMware.
The EUC division allows organizations to deliver and manage applications, desktops and data across devices and platforms, KKR said. The business will become a standalone company once the deal closes and will continue to be run by its existing management team.
KKR said it plans to pursue new strategic partnerships for the business while expanding research-and-development efforts. KKR also said it plans to invest in go-to-market functions with a focus on customer relationships.
KKR said it expects the deal to close this year.
Write to Will Feuer at Will.Feuer@wsj.com
(END) Dow Jones Newswires
February 26, 2024 09:00 ET (14:00 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.-
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