Broadcom nears $3.8 billion sale of remote access unit to KKR

Chipmaker Broadcom 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, people familiar with the matter said on Saturday.

The potential deal represents an effort by Broadcom CEO 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 , the sources said.