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AFP
Hewlett-Packard Enterprise is looking to sell its software division, perhaps for as much as $10 billion, according to media reports that cited sources close to the matter.
The move would include HPE shedding the operations of Autonomy Corp, a British software firm bought five years ago in an $11 billion deal that has since been branded a business blunder.
The former HP wrote off nearly $9 billion from the acquisition of Autonomy, which it accused of fudging financial results.
The Wall Street Journal reported that HPE was seeking from $8 billion to $10 billion for its software operations.
According to the Financial Times, a number of private equity funds are interested in the HPE unit.
“As a matter of policy, HPE does not comment on rumors and speculations,” the company said in an email response to an AFP inquiry.