Chipmaker Broadcom is set to sell its end-user computing (EUC) unit to private equity firm, KKR, for £3.1 billion ($4 billion).
The move aims to streamline Broadcom’s portfolio following its £54.4 billion ($69 billion) purchase of VMware last year.
When finalised, the EUC unit will function as a standalone company, run by its existing management team and headed by Shankar Iyer, the Senior Vice President and General Manager of the EUC Division at Broadcom.
“We are confident that this…