While this move may seem counter to the initial acquisition investor presentation mentioned above, there has been historical precedent for Broadcom Ltd. management to sell pieces of businesses that it acquires as part of or after the close of such deals. Not long after Avago completed the purchase of LSI in May of 2014, it sold the LSI flash associated business to Seagate for $450 million in cash and the LSI Axxia networking business to Intel for $650 million. Such post-acquisition sales could take place due to a litany of factors including improving overall corporate profitability or exiting non-core businesses. Broadcom stated that revenue from the wireless IoT unit was about $189 million in the 12 months prior to the sale, with approximately 430 employees resulting in less than $440,000 per employee. This is much lower than the over $830,000 of revenue per employee for Avago as a whole according to its revenue of $6.8 billion and approximately 8,200 employees listed in its last 10-K filed in December 2015. From another perspective, the asset sale may be a smart move for Broadcom.