Broadcom seals deal to sell remote access unit to KKR.

February 25, 2024
1 min read


  • Broadcom is nearing a $3.8 billion deal to sell its remote access unit to KKR.
  • The potential deal comes after Broadcom’s takeover of VMware.

Chipmaker Broadcom is in the final stages of negotiating a $3.8 billion deal to sell its remote access unit to private equity firm KKR. This move is part of Broadcom CEO Hock Tan’s strategy to streamline the company’s portfolio following the acquisition of software maker VMware. KKR emerged as the leading bidder in the auction for Broadcom’s end-user computing unit, beating out other private equity firms. The deal is expected to be announced soon, and KKR is being advised by Evercore, Deutsche Bank, and Jefferies, while Citigroup is advising Broadcom. This strategic divestiture aligns with Broadcom’s previous acquisitions, such as BMC and Compuware, and showcases their commitment to refining their business focus.

The sale of the remote access unit signifies Broadcom’s dedication to optimizing its operational structure and resources. This strategic decision to sell the EUC unit to KKR, a prominent private equity firm, highlights the company’s commitment to enhancing its business model and evolving within the competitive technology industry. By relinquishing control of the remote access unit, Broadcom can further concentrate on core capabilities and key strategic initiatives that align with its long-term growth objectives.

The negotiations and potential sale of Broadcom’s remote access unit to KKR underscore the company’s proactive approach to portfolio management. By exploring divestiture opportunities and engaging with reputable private equity partners like KKR, Broadcom demonstrates its flexibility and responsiveness to market dynamics. This transaction not only signifies a significant milestone for Broadcom but also reflects the company’s adaptability and resilience in navigating the evolving technology landscape.

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