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The Wall Street Journal: HP Enterprise shares jump on report it’s looking to sell software unit

Hewlett Packard Enterprise Co. is seeking a buyer for its software unit in a deal that could be valued at as much as $10 billion, a person familiar with the situation said, the latest in a series of moves by the big-name technology vendor to narrow its focus.

Such a transaction would, among other things, likely end the company’s association with the former operations of Autonomy Corp., a British software maker acquired in 2011 for $11 billion in a deal widely regarded as a mistake.

HP Enterprise HPE, +3.17% is seeking a price in the range of $8 billion and $10 billion for the software unit, the person familiar with the matter said.

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