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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.
(Reuters) -Chipmaker Broadcom is nearing a $3.8 billion deal to sell its business that allows users to access desktops and applications from any device to private equity firm KKR, people familiar with the matter said on Saturday.
The deal represents an effort by Broadcom CEO Hock Tan to streamline the firm's portfolio after its $69 billion takeover of VMware.
:Chipmaker Broadcom is nearing a $3.8 billion deal to sell its business that allows users to access desktops and applications from any device to private equity firm KKR, people familiar with the matter said on Saturday.The potential deal represents an effort by Broadcom CEO Hock Tan to streamline the company'
:Chipmaker Broadcom forecast annual revenue below Wall Street estimates on Thursday, as weak enterprise spending and stiff competition cast a shadow on its acquisition of VMware.Shares of San Jose, California-based Broadcom, which recently closed its acquisition of the cloud computing firm, fell more than 1 p