Chipmaker Broadcom Inc. is reportedly looking to offload VMware Inc.’s End User Compute business to the private equity firm KKR & Co Inc. in a deal worth $3.8 billion.
Reuters said Saturday that the proposed deal is the latest in a series of moves by Broadcom Chief Executive Hock Tan to streamline its business operations after acquiring VMware for $69 billion in November.
Reuters cited people familiar with the matter as saying that KKR won out in an auction involving a number of…