Many European Countries Approved HP’s Acquisition Of Autonomy
According to foreign media reports, HP’s acquisition of Autonomy has been approved by the governments of Ireland, Germany and Austria. In addition, Autonomy’ supremo is also recently involved in a war with Oracle‘s head Larry Ellison.
HP Vision Company has got the acceptance from the Irish Competition Authority and the German Bundeskartellamt. In addition, the Austrian Federal Competition Authority has revoked the decision to conduct an antitrust investigation. But now the acquisition has not yet received approval of the U.S. or the UK regulatory bodies. Hewlett-Packard said it had submitted the offer document to the relevant U.S. institutions. Currently, the offer of HP’s acquisition of Autonomy is valid until October 3.
In addition, recently, the head of Autonomy, Mike Lynch had a war of words with Oracle’s head Ellison. Ellison recently revealed that Autonomy’s high-level has contacted with Oracle in the earlier of this year to show their attention to be acquired. Considering the price is too high, Oracle declined. Subsequently, Autonomy said it has never expressed the hope to be acquired by Oracle. Only some of their investment bankers mentioned Oracle.
In he recent personnel changes in HP, there is a noteworthy change, namely, the chairman Ryan’s elevated status. He becomes the main role of the company behind the scenes. He even arose as one of the double heads in the foreground. Hewlett-Packard’s future will largely depend on the relationship between Lane and Whitman.
The acquisition of Autonomy is an extremely important initiative for HP. The analyst said it will be able to change HP’s software business. Hewlett-Packard’s managing director Ray Lane and the company’s new CEO Meg - Whitman said they still fully support this strategy. HP’s acquisition of Autonomy has been accepted by the authorities of numerous European countries.
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