Deals
‘Unsexy’ Business Software to Sell? This U.K. Firm Will Buy
- Micro Focus gets Hewlett Packard’s tools in $8.8 billion deal
- U.K. company expands despite falling pound after Brexit vote
HPE to Spin Off Software Assets in $8.8 Billion Deal
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While much of the technology industry fixates on the latest hot releases -- virtual reality, drones or a new iPhone -- U.K. software provider Micro Focus International Plc avoids the spotlight.
Even as Apple Inc. packed a San Francisco auditorium where the Grateful Dead used to perform sold-out shows, Newbury, England-based Micro Focus on Wednesday announced an $8.8 billion deal to take on software businesses from Hewlett Packard Enterprise Co.