broadcom: Broadcom nears $3.8 billion sale of remote access

broadcom: Broadcom nears $3.8 billion sale of remote access unit to KKR

Broadcom is nearing a $3.8 billion deal to sell its business to private equity firm KKR, streamlining its portfolio after acquiring VMware. KKR won the auction, outbidding other firms. Broadcom is also divesting VMware's security software business, while KKR has a track record in the sector.

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