HP Enterprise In $8.8B Deal With Micro Focus For Software Assets
September 9, 2016
Hewlett Packard Enterprise Co (HPE) 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.