HP may buy software company for $10 bn: Report

August 19th, 2011 - 9:29 am ICT by IANS  

Washington, Aug 19 (IANS) Personal computer giant Hewlett-Packard (HP) is in talks to buy British software company Autonomy for about $10 billion, a media report said.

HP - based in Palo Alto, California - is expected to announce the plans soon, Xinhua reported.

Currently listed on the London Stock Exchange, Autonomy is Britain’s second-largest software maker and has joint headquarters in Cambridge and San Francisco.

Microsoft and Oracle were also reportedly bidding on Autonomy.

Related Stories

Tags: , , , , , , , , , , , , , , , ,

Posted in Sci-Tech |

Subscribe