As expected, Hewlett-Packard Enterprise sold its software business for $2.5 billion

The rumoured sale of Hewlett-Packard’s Enterprise’s software unit was officially announced today.

The company says it is creating a joint venture with Micro Focus for the unit in a transaction worth $8.8 billion including 50.1% ownership of the new combined company by HPE shareholders and a $2.5 billion cash payment to HPE.

Developing.

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