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HP Enterprise to spin off software units; Intel to spin off McAfee

HP Enterprise to spin off software units; Intel to spin off McAfee

Hewlett Packard Enterprise Co. will spin off software units in an $8.8-billion deal that it says will help it focus on faster-growing businesses.

The Palo Alto, Calif., company said Wednesday that the spun-off software businesses — they include big data, security for big companies and IT operations management units — will merge with British software company Micro Focus International.

Hewlett Packard Enterprise is to get a $2.5-billion cash payment and a 50.1% stake in the combined company.

The deal requires antitrust approval and is expected to close in the third quarter.

Hewlett-Packard Co. split into two companies last year, with Hewlett Packard...

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