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Broadcom (NASDAQ:AVGO) is nearing a sale of a software program enterprise to personal fairness agency KKR & Co. (NYSE:KKR) for about $4 billion, in line with stories 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) had been amongst PE companies serious about buying a software program enterprise being offered by Broadcom (AVGO) after its buy of VMware. PE agency Thoma Bravo was additionally mentioned to be learning a possible provide for the so-called end-user computing unit.
Business Insider first reported in late November that Broadcom (AVGO) was evaluating strategic options for 2 enterprise models it acquired when it bought VMware for $69 billion. The firm 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.