HP buys into Cloud with £7bn acquisition
Hewlett Packard is the latest hardware firm to make the move into the Cloud following the acquisition of UK-based software company, Autonomy, for £7bn.
The deal sees HP acquire all outstanding shares for £25.50 each, cash and is yet another step away from the hardware for which it is best known. And while some commentators have suggested that HP have overpaid, Hewlett-Packard’s Chief Executive Officer, Leo Apotheker, was quick to back-up the decision.
Commenting in a press statement,...