Broadcom Inc. (NasdaqGS:AVGO) is nearing a $3.8 billion deal to sell its business that allows users to access desktops and applications from any device to private equity firm KKR & Co. Inc. (NYSE:KKR), people familiar with the matter said on 24 February 2024. The potential deal represents an effort by Broadcom Chief Executive Officer Hock Tan to streamline the company's portfolio after completing its $69 billion takeover of software maker VMware in November.

KKR prevailed in the auction for the end-user computing (EUC) unit over other private equity firms, including EQT AB (publ) (OM:EQT), the sources said. The deal could be announced as early as Monday, the sources added, requesting anonymity because the matter is confidential KKR declined to comment. Broadcom and EQT did not immediately respond to requests for comment.