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Business

HPE's $8.8 bln deal with Micro Focus

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Opening sequence

Business

HPE's $8.8 bln deal with Micro Focus

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COMING UP:HPE's $8.8 bln deal with Micro Focus

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Transcript

00:00:00
>> Hewlett Packard Enterprise is slimming down again. It's spinning off and merging its business software assets with Britain's Micro Focus International in an $8.8 billion deal. The move comes just four months after HPE spun off its computer services unit and merged it with computer sciences. It's all part of CEO Meg Whitman's plan to transform the tech giant into a company that focuses on a few key areas, networking, storage and technology services.
00:00:27
The deal was announced the same day that its arch rivals Dell and and EMC completed their merger. The deal sends HP's business software business back to Britain. Hewlett Packard had acquired that business from Autonomy five years ago in what turned out to be a disastrous move ending in a massive write off.
00:00:45
HP shares falling in early trading while Micro Focus' shares soared.