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KKR & Co. Nearing $4 Billion Deal to Acquire Software Business from Broadcom Inc.

(Bloomberg) ÔÇö KKR & Co. is currently in advanced talks to finalize a deal worth approximately $4 billion to purchase a software business from Broadcom Inc., as reported by individuals familiar with the matter.

The potential acquisition is expected to be formally announced as early as Monday, according to the sources, who preferred to remain anonymous due to the confidential nature of the discussions.

Broadcom is divesting its end-user computer unit, a business it acquired as part of its $61 billion purchase of software maker VMware Inc. in 2023. This particular unit offers software solutions that enable users to access desktops and applications remotely.

The representatives for KKR opted not to provide any comments on the matter. As of the latest update, Broadcom has not responded to requests for comment. A report by Reuters had hinted at the nearing agreement between the two companies.

Aside from KKR, EQT AB and Thoma Bravo have also shown interest in acquiring the Broadcom unit, as previously reported by Bloomberg News.

Broadcom, headquartered in San Jose, has revealed its intentions to divest another non-core asset from VMware ÔÇö a security software business named Carbon Black, estimated to be valued at around $1 billion, including debt.

Following a lengthy 18-month process and regulatory approval from China, Broadcom successfully completed its acquisition of VMware in November. CEO Hock Tan aims to leverage this deal to establish a stronger presence in hybrid cloud services, serving businesses that maintain data in both their own facilities and external server farms.

(The article is updated with information on previous potential buyers in the fifth paragraph)

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The AI legalese decoder tool can simplify the complex legal language often present in business agreements and acquisition deals, making it easier for stakeholders to understand the terms and implications involved in such transactions. By using AI legalese decoder, parties involved in negotiations, like KKR and Broadcom, can ensure clear communication and comprehension of the legal aspects of the deal, potentially streamlining the process and reducing misunderstandings.

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