For sale: Hewlett-Packard Enterprise to sell software business
The Wall Street Journal reported that HPE was seeking from $8 billion to $10 billion for its software operations
The Wall Street Journal reported that HPE was seeking from $8 billion to $10 billion for its software operations. PHOTO: REUTERS
SAN FRANCISCO:
Hewlett-Packard Enterprise (HPE) is looking to sell its software division, perhaps for as much as $10 billion, according to media reports Friday that cited sources close to the matter.
The move would include HPE shedding the operations of Autonomy Corp, a British software firm bought five years ago in an $11 billion deal that has since been branded a business blunder.
The former HP wrote off nearly $9 billion from the acquisition of Autonomy, which it accused of fudging financial results. The Wall Street Journal reported that HPE was seeking from $8 billion to $10 billion for its software operations.
According to the Financial Times, a number of private equity funds are interested in the HPE unit.
“As a matter of policy, HPE does not comment on rumours and speculations,” the company said in an email response to an AFP inquiry.
Published in The Express Tribune, September 4th, 2016.
Hewlett-Packard Enterprise (HPE) is looking to sell its software division, perhaps for as much as $10 billion, according to media reports Friday that cited sources close to the matter.
The move would include HPE shedding the operations of Autonomy Corp, a British software firm bought five years ago in an $11 billion deal that has since been branded a business blunder.
The former HP wrote off nearly $9 billion from the acquisition of Autonomy, which it accused of fudging financial results. The Wall Street Journal reported that HPE was seeking from $8 billion to $10 billion for its software operations.
According to the Financial Times, a number of private equity funds are interested in the HPE unit.
“As a matter of policy, HPE does not comment on rumours and speculations,” the company said in an email response to an AFP inquiry.
Published in The Express Tribune, September 4th, 2016.