Hewlett Packard acquisition of British software giant Autonomy has gone through – with the Cambridge-based company costing $12 billion (£7.7bn).
HP has paid a 79 per cent premium on each share offering £25.50, something that did not sit well with the company's shareholders.
But replacement Meg Whitman has supported the Autonomy purchase, describing it as central to the company's new direction.
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Autonomy was founded in 1996 as a spin-off from Cambridge Neurodynamics, a company it later acquired along with key rival Verity Inc.
The company, which principally deals with enterprise software, will be run as a separate business unit with founder Mike Lynch in charge - who will no doubt be hoping to put an embarrassing public spat with Oracle behind him.