Broadcom to Sell Part of 'VMware' Business Acquired Last Year
Sale to Private Equity Firm KKR... Worth 5 Trillion Won
U.S. semiconductor company Broadcom is reported to be selling part of the software business of VMware, which it acquired last year.
According to major foreign media on the 25th, Broadcom is in the final stages of completing a deal to sell VMware's 'End User Computing' (EUC) business unit to global private equity firm KKR for $3.8 billion (approximately 5.0635 trillion KRW). EUC is a technology that allows users to remotely access desktops or applications.
Broadcom acquired VMware for $69 billion (about 91.9425 trillion KRW) last November to strengthen its software business.
Hock Tan, Broadcom's CEO, announced during the Q4 earnings report last year that the company planned to divest VMware's EUC and security-related software business, 'Carbon Black Cloud.'
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The deal is expected to be finalized as early as the 26th. However, neither KKR nor Broadcom has made any immediate comments regarding this matter.
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