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“Chipmaker Broadcom sells remote-access unit to KKR in $4 billion deal”

“Chipmaker Broadcom is selling a unit that allows users to access desktops and applications from any device to private-equity firm KKR in a $4-billion deal to streamline its portfolio after the $69-billion purchase of VMware last year.

The end-user computing (EUC) unit will operate as a standalone company and will continue to be run by its existing management team led by Shankar Iyer, KKR said in a statement on Monday…”

https://finance.yahoo.com/news/chipmaker-broadcom-sells-remote-access-134243038.html

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