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posted by cmn32480 on Sunday September 03 2017, @05:03PM   Printer-friendly
from the let-the-bug-hunt-begin dept.

Submitted via IRC for Bytram

HPE says it has closed the $8.8bn deal to spin off much of its software business with Micro Focus.

The enterprise giant said that the deal – which sees HPE merge the unwanted portion of its software operation with the UK-based Micro Focus to create what analysts estimate to be the seventh-largest software vendor in the world – had been finalized.

"With the completion of this transaction, HPE has achieved a major milestone in becoming a stronger, more focused company, purpose-built to compete and win in today's market," said HPE CEO Meg Whitman.

"And, this transaction will deliver approximately $8.8bn to HPE and its stockholders."

First announced in September 2016, the reverse-takeover agreement sees HPE selling off its IT management, big data, and security lines to Micro Focus, which will try to make the products more successful than they were under the former HP Inc.

Source: https://www.theregister.co.uk/2017/09/01/hpe_8bn_micro_focus_software_spinoff/


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  • (Score: 0) by Anonymous Coward on Sunday September 03 2017, @07:54PM (1 child)

    by Anonymous Coward on Sunday September 03 2017, @07:54PM (#563213)

    The woman who spent over a hundred million dollars only to lose an election.

    Yeah she sounds like someone worthy of corporate investment. After all it is go big or go home. They don't really care if you lose, right?

  • (Score: 2) by realDonaldTrump on Sunday September 03 2017, @08:16PM

    by realDonaldTrump (6614) on Sunday September 03 2017, @08:16PM (#563219) Homepage Journal

    They say they want to focus on core competencies. Then they'd better sell the whole company. Or cut @MegWhitman loose. Because she's unfit to lead. She couldn’t lead sailors into a whorehouse with an offer of free drinks and pussy. #RepealThe22nd 🇺🇸