Broadcom reportedly nears $3.8 billion sale of remote access unit to KKR

Chipmaker Broadcom is on the verge of finalizing a $3.8 billion deal to sell its end-user computing business, which enables users to access desktops and applications from any device, to private-equity firm KKR, according to individuals familiar with the matter on Saturday.

The potential agreement is part of Broadcom CEO Hock Tan’s efforts to streamline the company’s portfolio, following the completion of its $69 billion acquisition of software maker VMware in November.

KKR emerged victorious in the auction for the end-user computing (EUC) unit, surpassing other private equity firms, including EQT, as per sources.

The deal’s announcement is anticipated as early as Monday, said the sources, who requested anonymity due to the confidential nature of the matter, CNBC reported.

READ MORE: https://www.cnbc.com/2024/02/24/broadcom-reportedly-nears-3point8-billion-sale-of-remote-access-unit-to-kkr.html

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