Broadcom is nearing a $3.8 billion deal to sell its business to private equity firm KKR, streamlining its portfolio after acquiring VMware....

For Tan, now 70, the deal would be the culmination of a string of acquisitions that has helped him turn Broadcom into a technology conglome...

The company is selling off assets to plug a hole in its balance sheet after enormous losses in its Westinghouse nuclear subsidiary.