Hewlett Packard Enterprise to buy supercomputer maker Cray in $1.30 billion deal

Credit: Reuters India- Published 1 week ago
Supercomputer manufacturer Cray Inc said on Friday it would be bought by Hewlett Packard Enterprise Co in a deal valued at about $1.30 billion, net of cash.

Credit: Wochit Business
Published 1 week ago -  00:32
Hewlett Packard Enterprise To Purchase Cray in $1.30 Billion Deal
Reuters reports that Hewlett Packard Enterprise Co will purchase supercomputer manufacturer Cray Inc. The deal was announced on Friday by Cray and is valued at approximately $1.30 billion, net of cash. The purchase is expected to close by the first quarter of HPE’s fiscal year 2020. Hewlett Packard Enterprises said it expects the deal to increase its footprint in federal business and academia, as well as selling supercomputing products to its commercial clients.

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