Chipmaker Broadcom sells remote access unit to KKR in $4 billion deal


A smartphone with a displayed Broadcom logo is placed on a computer motherboard in this illustration taken March 6, 2023. REUTERS/Dado Ruvic/Illustration/File Photo

(Reuters) - Chipmaker Broadcom is selling its business which allows users to access desktops and applications from any device to KKR in a deal valued at about $4 billion, the private equity firm said on Monday.

The end-user computing (EUC) unit will become a standalone company and will continue to be run by its existing management team led by Shankar Iyer, KKR said in a statement.

Reuters first reported the deal on Saturday, citing sources who said KKR prevailed in the auction for the end-user computing (EUC) unit over other private equity firms including EQT.

(Reporting by Samrhitha Arunasalam in Bengaluru; Editing by Shinjini Ganguli and Devika Syamnath)

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