Autonomy says in talks with suitor Hewlett-Packard

LONDON Thu Aug 18, 2011 1:44pm EDT

Related Topics

LONDON (Reuters) - British software company Autonomy confirmed it is talks with Hewlett-Packard Co regarding the U.S. IT firm making a possible offer for the company.

"The board of Autonomy notes recent press speculation and confirms that it is in discussions with Hewlett-Packard regarding a possible offer for the company," it said in a statement on Thursday.

"A further announcement will be made when appropriate."

Sources said Hewlett-Packard was due to make a $10 billion approach to Autonomy ahead of announcing a long-rumored spinoff of its PC division.

(Reporting by Sarah Young)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.