HP To Buy WiFi Provider Aruba Networks For $3 Billion

 

Monday HP announced that it will acquire WiFi provider Aruba Networks for $24.67 per share. The deal, which is expected to close in the second half of this year, is valued at $3 billion, or $2.7 billion net of cash and debt.

“Enterprises are facing a mobile-first world and are looking for solutions that help them transition legacy investments to the new style of IT,” said Meg Whitman, CEO of HP in a statement on the deal. 

“By combining Aruba’s world-class wireless mobility solutions with HP’s leading switching portfolio, HP will offer the simplest, most secure networking solutions to help enterprises easily deploy next-generation mobile networks.”

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