Hewlett-Packard agrees to buy Wi-Fi gear maker Aruba for US$2.7b
Deal expected to boost HP's networking business and help growth in China
New York
HEWLETT-PACKARD Co has agreed to acquire Aruba Networks, a maker of wireless network infrastructure used by hotels, universities and shopping malls, for US$2.7 billion in cash to bolster its networking business.
Aruba investors will get US$24.67 a share, the companies said on Monday in a statement. Including debt and cash, the deal has a value of US$3 billion.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Technology
Meta’s results are best viewed through rose-tinted AI glasses
'Harvesting data': Latin American AI startups transform farming
After long peace, Big Tech faces US antitrust reckoning
Tech’s cash crunch sees creditors turn ‘violent’ with one another
Tech millionaires chase billionaire tax shields with ‘swap fund’
Elon Musk’s Starlink profits are more elusive than investors think