HP to acquire Autonomy
HP reports it will acquire all the outstanding shares of Autonomy (through an indirect wholly-owned subsidiary, HP SPV) for $42.11 per share in cash. Bloomberg News estimates the deal at $10.3 billion.
HP says Autonomy offers solutions that are synergistic across its enterprise offerings and strengthen functionality for data analytics, the cloud, industry capabilities and workflow management. This will bolster HP’s cloud offerings with key assets for information management and data analytics. Autonomy also complements existing HP offerings from enterprise servers, storage, networking, software, services and its Imaging and Printing Group (IPG).