UK tech firm swoops on HP software unit in £6.6bn deal

Hewlett Packard Enterprise boss Meg WhitmanImage copyright
Hewlett Packard Enterprise

Image caption

Micro Focus struck the deal with Hewlett Packard Enterprise boss Meg Whitman

UK tech firm Micro Focus will buy Hewlett-Packard’s software business in a deal worth $8.8bn (£6.6bn).

Hewlett Packard Enterprise (HPE) includes the assets of Autonomy, the UK software group that HP bought in an ill-fated deal in 2011.

The deal makes Micro Focus one of the UK’s biggest tech companies, with total annual revenues of $4.5bn (£3.4bn).

Micro Focus was promoted to the FTSE 100 last week, replacing ARM

Article source: http://www.bbc.com/news/business-37303066

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