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HP to Pay $10.3B for Autonomy, May Spin Off PCs


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Hewlett-Packard Co. (HPQ) is planning a sweeping overhaul of its businesses, agreeing to buy Autonomy Corp. for $10.3 billion and weighing a breakup that would unravel the much-debated Compaq Computer Corp. purchase.

Autonomy shareholders will receive $42.11 a share, Palo Alto, California-based Hewlett-Packard said in a statement. That represents a 64 percent premium over Autonomy’s closing share price yesterday. Hewlett-Packard also said it’s considering spinning off its PC division and that it will discontinue products that run WebOS software. Hewlett-Packard shares dropped after the company issued forecasts that missed estimates.

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