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CEO Hock Tan's 2023 pay, which was fueled by stock awards of $160.5 million, was 510 times the median salary of employees at the chip firm.
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.
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.
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…
KKR prevailed in the auction for the end-user computing (EUC) unit over other private equity firms, including EQT , the sources said. Broadcom said in December it would seek to divest its end-user computing unit. It is separately attempting to shed VMware's security software business Carbon Black.