Business

Hewlett Packard Enterprise to Buy Supercomputer Builder Cray


Hewlett Packard Enterprise Co. agreed to buy supercomputer maker Cray Inc. in a $1.44 billion deal as part of its efforts to invest in high-performance computing.


HPE, the business-technology provider born from the 2015 split of Hewlett-Packard Co., said Friday it will pay $35 a share in cash for each Cray share held.


The deal, which has an enterprise valuation of $1.3 billion, represents a more than 17% premium to Cray’s Thursday closing price.


...






Powered by Blogger.