HP to Announce $10B Acquisition of Autonomy Today
When Hewlett-Packard's board of directors selected former SAP CEO Leo Apotheker as its new leader to replace Mark Hurd in September 2010, they purposely picked a software guy to transform a longtime hardware maker into the 21st century IT world.
The latest news will be announced this afternoon on the HP earnings call, we're told, and it will be about buying a big international fish, U.K.-based e-discovery and storage provider (among many other things) Autonomy. That HP will part with $10 billion of its hard-earned dollars in the deal is what we've also heard from reliable sources.
It will be the largest HP acquisition since the $13.9 billion purchase of EDS in May 2008.
We will have a lot more to report on this deal later today and for weeks to come. Just wanted to get something posted now. That is all for now.