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When did Broadcom become a private equity firm? I thought they baked pies.
by undersuit 3y ago
When did Broadcom become a private equity firm? I thought they baked pies.
- vikramkr 3y agoNo they didn't become a private equity firm, a private equity firm's roll-up firm bought the old broadcom and took the acquisition target's name. They didn't change the ticker though it's why they're still AVGO on NASDAQ. Looks like KKR and silver lake were the private equity folks that created avago which started rolling all these firms including broadcom whose name it took
- slt2021 3y agoSilver Lake was also partner of Michael Dell in taking Dell Computer Corp private (while keeping VMware public) and they did all sort of financial machinations to screw VMWare shareholders