Justin Hibbard says HP is getting rid to sell its networking business, with private equity buyout giants Francisco Partners and Citigroup as likely buyout candidates. With sales of about $450 million, its likely to fetch about $500 million. [ via Business Week Deal Flow]
2 thoughts on “HP to exit networking business”
who is next to leave the business…Dell? they made a hugh splash a couple years back but have not heard much about it. They seemed to be focused on the consumer space with their recent launch of TV’s and other products.
Hope HP is not going to get out of the unix server business !