Deals
Hewlett-Packard Said to Be Near $1.5 Billion Deal for ArcSight
This article is for subscribers only.
Hewlett-Packard Co., the world’s biggest personal-computer maker, is near an agreement to buy security-software maker ArcSight Inc. for about $1.5 billion in cash, according to a person with knowledge of the matter.
The deal may be announced as soon as today, said the person, who declined to be identified because the discussions are private. ArcSight had a market value of $1.21 billion based on its Sept. 10 closing stock price. The Wall Street Journal reported the planned transaction earlier.