Broadcom near sale of unit to KKR for about $4B – reports

Broadcom (NASDAQ:AVGO) is nearing a sale of a software program enterprise to non-public fairness agency KKR & Co. (NYSE:KKR) for about $4 billion, in line with studies from Reuters and Bloomberg.

The deal might be introduced as quickly as Monday, in line with a Bloomberg report on Saturday, which cited folks conversant in the matter.

The information comes after Bloomberg reported in December that EQT AB and KKR (KKR) have been amongst PE corporations concerned about buying a software program enterprise being offered by Broadcom (AVGO) after its buy of VMware. PE agency Thoma Bravo was additionally stated to be finding out a possible provide for the so-called end-user computing unit.

Enterprise Insider first reported in late November that Broadcom (AVGO) was evaluating strategic alternate options for 2 enterprise models it acquired when it bought VMware for $69 billion. The corporate confirmed on its earnings name in December that it deliberate to divest the end-user computing and Carbon Black companies.

Broadcom (AVGO) is about to report its Q1 outcomes on March 7.