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© Reuters. FILE PHOTO: A smartphone with a displayed Broadcom emblem is positioned on a pc motherboard on this illustration taken March 6, 2023. REUTERS/Dado Ruvic/Illustration/File Photo
By Milana Vinn
(Reuters) – Chipmaker Broadcom (NASDAQ:) is nearing a $3.8 billion deal to promote its enterprise that enables customers to entry desktops and purposes from any gadget to personal fairness agency KKR, individuals conversant in the matter stated on Saturday.
The potential deal represents an effort by Broadcom CEO Hock Tan to streamline the corporate’s portfolio after finishing its $61 billion takeover of software program maker VMware (NYSE:) in November.
KKR prevailed within the public sale for the end-user computing (EUC) unit over different personal fairness companies, together with EQT (ST:), the sources stated.
The deal might be introduced as early as Monday, the sources added, requesting anonymity as a result of the matter is confidential
KKR declined to remark. Broadcom and EQT didn’t instantly reply to requests for remark.
Broadcom stated in December it will search to divest its end-user computing unit. It is individually trying to shed VMware’s safety software program enterprise Carbon Black.