KKR Snags VMware’s End User Computing Business from Broadcom at $4B Price Tag
Today, KKR added to that growing total when it announced it was going to acquire Broadcom’s end user computing business for $4 billion.
These pieces include VMware Workspace One and VMware Horizon, two remote desktop applications that had been part of the VMware family of products.
Almost immediately, Broadcom began slashing costs, starting with laying off over 2000 VMware employees, just a week after the deal was official.
KKR managing director Bradley Brown still sees a lot of room for growth moving forward to build out the EUC (end user computing) division into a vibrant stand-alone business.
One interesting aspect of this deal is that KKR intends to implement an employee ownership program, giving employees a chance to own equity in the new company alongside KKR.
