News - HP completes acquisition of Autonomy

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Can this bold move into unstructured data revive the tech giant’s fortunes?

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This acquisition was controversial for several reasons, not least the price, which represented a large premium over Autonomy's share price at the time of the offer. HP's press release says the holders of 213,421,299 Autonomy shares (which represents 87.34 percent of all shares) agreed to sell to HP at a price of £25.50 per share. This comes to £5.4 billion so we're not sure where the total reported price of around $12 billion comes from.

US$12bn is about £8bn, so maybe the other £3bn (ish) went on legal fees, assorted admin, etc? Given the company's love of over-elaborate admin processes, I could well believe that.

Either that, or some folks on the Autonomy board are obviously going on a very nice winter break this year...