UK's Micro Focus and Hewlett Packard agree £6.6bn software deal
by Angela Monaghan from Technology | The Guardian on (#1T1FG)
Shares in Berkshire-based firm surge 21% after it announces one of the biggest takeovers by a UK company in recent years
One of Britain's largest technology firms has announced a multibillion-pound deal to buy part of Hewlett Packard's business in what will create one of the world's leading software companies.
Hewlett Packard Enterprise (HPE) will spin off and merge its non-core software assets with Berkshire-based Micro Focus International in a deal worth $8.8bn (6.6bn).
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