Broadcom Inc (NASDAQ:AVGO) has paused the sale of its security software division, Carbon Black, potentially valued at around $1 billion, including debt, after receiving offers that failed its expectations.
Despite the possibility of reattempting the sale, Broadcom remains silent.
This decision comes as Broadcom sought to divest Carbon Black and its end-user computer unit, the latter of which KKR & Co Inc (NYSE:KKR) agreed to purchase for approximately $4 billion, Bloomberg reports.
These efforts followed Broadcom’s acquisition of the businesses through its $61 billion takeover of VMware Inc in November.
In November 2023, a leaked email revealed Broadcom’s plans to review “strategic alternatives” of two of VMware’s business units.
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