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HP Buys Mercury Interactive for $4.5 Billion
HP announced this week that it agreed to buy Israeli-based Mercury Interactive Corp. for roughly $4.5 billion in stock. HP said that it will pay $52 per share in Mercury Interactive and the acquisition is aimed about expanding HP’s business software portfolio. News of HP’s acquisition surfaced Tuesday, which negatively affected HP’s share price, knocking down the value roughly 4 percent.
Man, this is the week for mergers and acquisitions! Phillips Semiconductor is still up for grabs, for only around $10B for those interested.
Rob Williams
Rob founded Techgage in 2005 to be an 'Advocate of the consumer', focusing on fair reviews and keeping people apprised of news in the tech world. Catering to both enthusiasts and businesses alike; from desktop gaming to professional workstations, and all the supporting software.
