Hewlett-Packard Nears $10 Billion Deal and P.C. Split

Hewlett-Packard is near a sweeping transformation of its business, announcing on Thursday that it was in talks to buy the British software maker Autonomy and that it would explore options for its personal computer business, including a spinoff.

People briefed on the matter earlier told DealBook that Hewlett-Packard is in talks on a nearly $10 billion deal for Autonomy.

Autonomy released a statement to the London Stock Exchange on Thursday afternoon confirming that it is in talks with H.P. about “a possible offer for the company.”

Read Full Article from New York Times

- Posted: 2011-08-18 14:13:21

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