Justin Sullivan
Broadcom (NASDAQ:AVGO) has paused a sale of its Carbon Black safety enterprise because the indications of curiosity got here in under the corporate’s expectations.
The Carbon Black enterprise, which might be valued at about $1 billion, got here to Broadcom (AVGO) by way of its buy of VMWare final 12 months. It’s attainable that Broadcom may look to promote the enterprise at a later date, based on a Bloomberg report on Monday, which cited individuals aware of the matter.
News of the stalled gross sales course of comes after Broadcom (AVGO) earlier Monday confirmed that it agreed to promote its End-User Computing Division to non-public fairness agency KKR & Co. (KKR) in a deal valued at ~$4B.
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.
VMware bought Carbon Black for an enterprise worth of $2.1 billion in 2019.
Broadcom (AVGO) is about to report its Q1 outcomes on March 7.
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