As expected, Hewlett-Packard Enterprise sold its software business in an $8.8 billion deal
- Transaction valued at approximately $8.8 billion, including 50.1% ownership of the new combined company by HPE shareholders and a $2.5 billion cash payment to HPE
- Combination creates one of the world's largest pure-play enterprise software companies
- Accelerates HPE's strategy to unlock faster-growing, higher-margin and stronger free cash flow company
- HPE to discuss transaction during Q3 earnings call at 5:00 p.m. ET today.