Hewlett-Packard approached by investment bankers: reports
17 Jan 2013
Hewlett-Packard Co has been approached by investment bankers about selling assets, though such a move, was not under its consideration according to a person with knowledge of the matter, a Bloomberg report said.
The company had received many inquiries after a regulatory filing late last year that said it would consider disposing of businesses that did not meet goals, according to the person, who requested not to be identified due to the matter being private.
The Wall Street Journal reported today that the company's Autonomy and Electronic Data Systems divisions had attracted interest of possible buyers.
Meanwhile, The Financial Times reports, investment bankers representing tech companies had reportedly expressed interest in HP's Autonomy unit and its Services division.
According to the newspaper, HP had reportedly responded with a firm ''no'' to inquiries about whether the two businesses were for sale. Quoting a person familiar with the situation, the newspaper said HP had no intention of selling its core assets.
Meg Whitman, chief executive, had indicated she planned to revive HP in its current shape under a five-year plan that had just completed its first year.
