UK tech firm swoops on HP software unit in £6.6bn deal

UK tech firm Micro Focus is buying the software business of a division of Hewlett-Packard for $8.8bn (£6.6bn). The deal makes Micro Focus one of the UK's biggest tech companies, with total annual revenues of $4.5bn (£3.4bn). It is acquiring assets from Hewlett Packard Enterprise (HPE), including former UK tech champion Autonomy which HP bought in an ill-fated deal in 2011. Micro Focus was promoted to the FTSE 100 last week, replacing ARM after it was bought by Japan's Softbank.

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