Milana Vinn

Chipmaker Broadcom is nearing a $3.8 billion deal to sell its business that allows users to access desktops and applications from any device to private equity firm KKR, people familiar with the matter said on Saturday. The potential deal represents an effort by Broadcom CEO Hock Tan to streamline the company’s portfolio after completing its $61 billion takeover of software maker VMware in November. KKR prevailed in the auction for the end-user computing (EUC) unit over other private equity firms, including EQT, the sources said. The deal could be announced as early as Monday, the sources added, requesting anonymity because the matter is confidential KKR declined to comment. Broadcom and EQT did not immediately respond to requests for comment. Broadcom said in December it would seek to divest its end-user computing unit. It is separately attempting to shed VMware’s security software business Carbon Black.

Biography:  https://www.theglobeandmail.com/business/article-broadcom-nears-38-billion-sale-of-remote-access-unit-to-kkr/

64%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermines the credibility of the source. It is calculated as:
Analysis.OverallConflictOfInterestScore * 0.3F + Analysis.OverallBiasScore * 0.3F + Analysis.DeceptivenessScore * 0.3F + Analysis.ReadabilityScore * 0.1F

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The Daily's Verdict

This author has a mixed reputation for journalistic standards. It is advisable to fact-check, scrutinize for bias, and check for conflicts of interest before relying on the author's reporting.

Bias

85%

Examples:

  • Broadcom is nearing a $3.8 billion deal to sell its business that allows users to access desktops and applications from any device to private equity firm KKR
  • KKR prevailed in the auction for the end-user computing (EUC) unit over other private equity firms, including EQT
  • The deal could be announced as early as Monday

Conflicts of Interest

50%

Examples:

  • Broadcom is nearing a $3.8 billion deal to sell its business that allows users to access desktops and applications from any device to private equity firm KKR
  • The potential deal represents an effort by Broadcom CEO Hock Tan to streamline the company’s portfolio after completing its $61 billion takeover of software maker VMware in November

Contradictions

100%

Examples:

No current examples available.

Deceptions

50%

Examples:

  • The potential deal represents an effort by Broadcom CEO Hock Tan to streamline the company’s portfolio after completing its $61 billion takeover of software maker VMware in November.

Recent Articles

Broadcom Nearing $3.8 Billion Sale of Remote Access Unit to KKR

Broadcom Nearing $3.8 Billion Sale of Remote Access Unit to KKR

Broke On: Sunday, 25 February 2024 Broadcom is reportedly nearing a $3.8 billion sale of its remote access unit to private equity firm KKR, according to multiple sources. The end-user computing (EUC) unit was inherited as part of Broadcom's acquisition of software maker VMware in November 2021 and provides software that enables users to access desktops and applications remotely. This sale is expected to help streamline the company's portfolio after its takeover of VMware, with CEO Hock Tan looking to focus on hybrid cloud services.