Justin Hibbard says HP is getting rid to sell its networking business, with private equity buyout giants Francisco Partners and Citigroup as likely buyout candidates. With sales of about $450 million, its likely to fetch about $500 million. [ via Business Week Deal Flow]
HP to exit networking business
2 comments so far
10:30 AM PT
who is next to leave the business…Dell? they made a hugh splash a couple years back but have not heard much about it. They seemed to be focused on the consumer space with their recent launch of TV’s and other products.
11:25 AM PT
Hope HP is not going to get out of the unix server business !
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