HP may buy software company for $10 bn: Report
August 19th, 2011 - 9:29 am ICT by IANSWashington, 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.
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