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HP to merge non-core biz with Micro

The move is part of HPE Chief Executive Meg Whitman's plans to shift HPE's strategy to a few key areas

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Hewlett Packard

Reuters 

Hewlett Packard Enterprise will spin off and merge its non-core software assets with Britain's Micro Focus International Plc in a deal worth $8.8 billion, the companies said on Wednesday. The move is part of HPE Chief Executive Meg Whitman's plans to shift HPE's strategy to a few key areas such as networking, storage and technology services since the company separated last year from computer and printer maker HP Inc. "With today's announcement, we are taking another important step in achieving the vision of creating a faster-growing, higher-margin, stronger cash flow ...

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First Published: Fri, September 09 2016. 00:14 IST
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