Broadcom nears $3.8 billion sale of remote access unit to KKR
Chipmaker Broadcom is nearing a $3.8 billion deal to sell its business that allows users to access desktops and applications from any device to private equity firm KKR, people familiar with the matter said on Saturday.
The potential deal represents an effort by Broadcom CEO Hock Tan to streamline the company's portfolio after completing its $69 billion takeover of software maker VMware in November.
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The deal could be announced as early as Monday, the sources added, requesting anonymity because the matter is confidential
KKR declined to comment. Broadcom and EQT did not immediately respond to requests for comment.
Broadcom said in December it would seek to divest its end-user computing unit. It is separately attempting to shed VMware's security software business Carbon Black.
KKR is no stranger to dealmaking in the sector.
In 2018, it purchased U.S. business software company BMC for $8.5 billion and two years later it combined BMC with Compuware, a company it acquired from buyout firm Thoma Bravo.
In 2021, KKR acquired information services technology provider Ensono from private equity firms
