Hewlett-Packard approached by investment bankers: reports

17 Jan 2013

1

Hewlett-Packard Co has been approached by investment bankers about selling assets, though  such a move, was not under its consideration according to a person with knowledge of the matter, a Bloomberg report said.

The company had received many inquiries after a regulatory filing late last year that said it would consider disposing of businesses that did not meet goals, according to the person, who requested not to be identified due to the matter being private.

The Wall Street Journal reported today that the company's Autonomy and Electronic Data Systems divisions had attracted interest of possible buyers.

Meanwhile, The Financial Times reports, investment bankers representing tech companies had reportedly expressed interest in HP's Autonomy unit and its Services division.

According to the newspaper, HP had reportedly responded with a firm ''no'' to inquiries about whether the two businesses were for sale. Quoting a person familiar with the situation, the newspaper said HP had no intention of selling its core assets.

Meg Whitman, chief executive, had indicated she planned to revive HP in its current shape under a five-year plan that had just completed its first year.

Business History Videos

History of hovercraft Part 3...

Today I shall talk a bit more about the military plans for ...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of hovercraft Part 2...

In this episode of our history of hovercraft, we shall exam...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of Hovercraft Part 1...

If you’ve been a James Bond movie fan, you may recall seein...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of Trams in India | ...

The video I am presenting to you is based on a script writt...

By Aniket Gupta | Presenter: Sheetal Gaikwad

view more