Tech Firms Are On Acquisition Spree. Today’s Story: Hewlett Packard, Micro Focus
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).