Hewlett Packard Enterprise to spin off software assets in $8.8B transaction

Newly formed Hewlett-Packard Enterprise Chief Executive Officer (CEO) Meg Whitman speaks during a press conference in New York on November 2, 2015. Hewlett Packard officially split into two companies on November 2 with Hewlett-Packard Enterprise focused on businesses and HP, Inc, focused on consumers. AFP PHOTO/JEWEL SAMAD (Photo credit should read JEWEL SAMAD/AFP/Getty Images) In an $8.8 billion transaction, Hewlett Packard Enterprise, also known as HPE, will be spinning off its non-core software assets, according to a statement from company CEO Meg Whitman. The assets will be merged with Micro Focus, a British software company, to form a new combined corporation. After separating from Hewlett-Packard last year, HPE forged a business model centered around providing… Read More

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