Yesterday the big news was that Hewlett Packard Enterprise had confirmed that, in a deal worth about $8.8 billion, it would <a href="http://www.zdnet.com/article/hpe-offloads-non-core-software-assets-to-micro-focus-in-8-8-billion-deal/">"spin-merge" its non-core software</a> with Micro Focus. This will give HPE 50.1 percent ownership of a new combined company that HPE thinks will generate $4.5 billion in annual revenue. The deal was confirmed Wednesday as HPE announced its third quarter results.
Hewlett Packard Enterprise Co. said it’s spinning off and merging some non-core software assets in a deal with U.K.-based Micro Focus International Plc valued at about $8.8 billion, continuing Chief Executive Officer Meg Whitman’s effort slim down its operations.
Hewlett Packard Enterprise is buying Silicon Graphics International Corp. for about $275 million in cash, adding high-performance computing capabilities that improve data analytics.
HPE expects the deal to be neutral to earnings in the first full year and will add to profit thereafter, the companies said Thursday in a statement. SGI, whose machines helped create advanced computer-generated images for Hollywood movies in the 1990s, brings products that aid customers with computing, data analytics and data management.