KKR Strikes $4 Billion Deal for Broadcom Unit

KKR & Co. has agreed to buy a software business from Broadcom Inc. in a transaction worth about $4 billion.

Broadcom is selling its so-called end-user computer unit, which it inherited as part of its $61 billion acquisition of software maker VMware Inc. in 2023, according to a statement Monday, confirming an earlier Bloomberg News report. The business provides software enabling users to access desktops and applications remotely.

KKR plans to expand the company’s research and development and pursue new partnerships, according to the statement. It will continue to be run management led by Shankar Iyer. It will also participate ...