HPE Eyes Acquisition of Nutanix
Summary
(Bloomberg) -- Hewlett Packard Enterprise Co. has expressed takeover interest in cloud computing company Nutanix Inc., according to people familiar with the matter. HPE has held talks with Nutanix in recent months, said the people, who asked to not be identified because the matter isn’t public. HPE this week projected revenue for the current quarter that beat analyst expectations, suggesting corporations are continuing to upgrade their technology infrastructure in an uncertain economy. In September, the company said it planned to implement a series of governance changes that included ensuring all directors stand for election each year, and amending its shareholder voting rights. Last month, Legion also encouraged the board to properly evaluate alternatives, including all potential partners, after reports of the inbound interest surfaced.
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