Gibson Dunn Reps HP In $10B Deal For Software Co.

Law360, New York (August 18, 2011, 10:15 PM EDT) -- Hewlett-Packard Co. said Thursday that it will buy information management software company Autonomy PLC for $10.3 billion and potentially spin-off its storied personal computer unit, moves that signal a wholesale transformation of the Silicon Valley giant.

After releasing a third-quarter earnings report that revealed net revenue had sagged 2 percent — including a $1 billion year-to-date drop in its PC division's revenue — HP confirmed that it had made an offer to buy Autonomy, which makes software that helps businesses manage large amounts of data....
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