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US: Hewlett-Packard to split up, paving way for mergers

 |  October 7, 2014

Hewlett-Packard announced plans this week to split up its company into two separate units, a move that has caused a firestorm of speculation over an incoming merger in the technology giant’s future.

According to reports, experts believe that possible takeover discussions with EMC – which were reported to have failed last month – may not yet be abandoned, and that HP’s split could be in preparation for a deal with EMC. HP will spin off its personal computer and printer operations into HP Inc., separating the assets from the company’s enterprise software and services.

Reports say the latter unit could potentially acquire its $58 billion rival EMC.

Full content: Bloomberg

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