KKR to acquire VMware’s end user computing biz from Broadcom for $4B

• KKR is set to acquire Broadcom’s end user computing business for $4 billion.
• The business includes VMware Workspace One and VMware Horizon, two remote desktop applications.
• Broadcom had acquired these as part of VMware, for which it paid $61 billion.
• The sale is part of Broadcom’s efforts to recover some of the high cost of buying VMware.
• KKR sees potential for growth in the end user computing division and plans to build it into a stand-alone business.
• The deal also includes an employee ownership program, giving employees a chance to own equity in the new company alongside KKR.

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