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Feb 26, 11:40 PM
$AVGO Sells EUC Division for $4B, Pauses Carbon Black Sale, CEO Pay Doubles
Economics
Business

$AVGO Sells EUC Division for $4B, Pauses Carbon Black Sale, CEO Pay Doubles

Authors
  • Reuters
  • Bloomberg
  • MarketWatch
5

Broadcom ($AVGO) has announced a significant $4 billion deal to sell its EUC Division, marking a record rise in its stock value. Concurrently, the company has decided to pause the $1 billion sale of its Carbon Black Unit. In related financial news, Broadcom's CEO, Hock Tan, saw his annual compensation more than double last year, reaching $161.8 million, primarily due to a substantial stock award of $160.5 million that will vest over the next five years.

Written with ChatGPT (GPT-4).

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