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)
