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HP will buy Aruba to bolster its wireless networking business
Hewlett-Packard will purchase Aruba Networks to boost its wireless networking business, the companies announced Monday.HP will offer $24.67 per share, giving Aruba a $3 billion value. The deal is worth $2.7 billion taking into account Aruba's debt and cash.MORE: 8 ways to celebrate Raspberry Pi's 3rd birthdayBy buying Aruba, HP will be able to help businesses beef up their wireless networks to meet the demands of an increasingly mobile workforce, the companies said.This is HP's first major acquisition since CEO Meg Whitman announced last year that the company would split into two. One half will focus on enterprise products and the other well sell printers and PCs.To read this article in full or to leave a comment, please click here
