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KKR Nears $4 Billion Deal for Broadcom Unit - BNN Bloomberg
KKR & Co. is nearing a deal worth about $4 billion to buy a software business from Broadcom Inc., according to people with knowledge of the matter.
Broadcom is selling its so-called end-user computer unit, which it inherited as part of its $61 billion acquisition of software maker VMware Inc. in 2023. EQT AB and Thoma Bravo were also among the private equity firms interested in acquiring the Broadcom unit, Bloomberg News previously reported. Broadcom Chief Executive Officer Hock Tan will use the deal to build a bigger foothold in so-called hybrid cloud services, which cater to businesses that store data both in their own facilities and outside server farms.
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