Chipmaker Broadcom is selling 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 the Senior Vice President and General Manager of the EUC Division at Broadcom, Shankar Iyer.
“We are confident that this pending…
