HP Enterprise in US$8.8bil deal with Micro Focus for software assets

A message on the home page of Micro Focus' website announces that Hewlett Packard Enterprise Co (HPE) will spin off and merge its non-core software assets with Britain's Micro Focus International Plc in a deal worth $8.8 billion, in Britain, September 8, 2016. REUTERS/Dylan Martinez

Hewlett Packard Enterprise Co (HPE) will spin off and merge its non-core software assets with Britain's Micro Focus International Plc in a deal worth US$8.8bil (RM35.54bil), the companies said on Sept 7. 

The move is part of HPE chief executive Meg Whitman's plans to shift HPE's strategy to a few key areas such as networking, storage and technology services since the company separated last year from computer and printer maker HP Inc.