Chipmaker Broadcom is selling its business which allows users to access desktops and applications from any device to KKR in a deal valued at about $4 billion, the private equity firm said on Monday.

The end-user computing (EUC) unit will become a standalone company and will continue to be run by its existing management team led by Shankar Iyer, KKR said in a statement.

Reuters first reported the deal on Saturday, citing sources who said KKR prevailed in the auction for the end-user computing (EUC) unit over other private equity firms including EQT.

  - Reuters