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<B><I>BREAKING NEWS:</b></i> <b>HP Acquires Autonomy for $10B

By Evan Koblentz
August 19, 2011

Hewlett-Packard on Aug. 18 made its most aggressive move yet to transform itself into a modern business provider by acquiring e-discovery and document management giant Autonomy for $10.3 billion, putting its personal computer division up for sale, and discontinuing its recently launched WebOS mobile device group.

HP says it hopes the majority of its future revenue comes from sales of printers, professional services, software, and enterprise-class hardware, resulting in a structure more similar to that of IBM than Apple.

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