Wednesday, October 5, 2011

HP pays $10.4 billion for controlling interest in Autonomy, which will remain autonomous


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. 3Com. And, perhaps most notoriously, Palm. The list of HP acquisitions grows by one today, with the purchase of UK information-software maker Autonomy, long a target of former HP chief Léo Apotheker. Apotheker, you may recall, was just ousted in favor of former eBay CEO Meg Whitman. The deal began during Apotheker's tenure and went through with HP paying just about $10.4 billion for a controlling percentage of Autonomy stock. The UK firm will remain a separate unit, with Whitman saying, "Autonomy significantly increases our capabilities to manage and extract meaning from that data to drive insight, foresight and better decision making." Something tells us she's not the only one hoping for some better decision making. For full details on HP's latest buy, check the source link.

HP pays $10.4 billion for controlling interest in Autonomy, which will remain autonomous originally appeared on Engadget on Mon, 03 Oct 2011 19:22:00 EDT. Please see our terms for use of feeds.

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Source: http://www.engadget.com/2011/10/03/hp-pays-10-4-billion-for-controlling-interest-in-autonomy-whic/

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