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U.K. regulators have closed their investigation into Hewlett-Packard's botched acquisition of Autonomy, a British software company that HP has accused of inflating its value and of improper accounting.
Autonomy founder Mike Lynch says he has obtained a Hewlett-Packard document that shows how differences in accounting standards, not fraud on Autonomy's part, are to blame for the debacle surrounding HP's acquisition of the company.
Autonomy's former chief financial officer has claimed that Hewlett-Packard is accusing him and other ex-employees of fraud in order to cover up its own failings in the disastrous 2011 acquisition.
Hewlett-Packard has fired back at a former Autonomy executive who is attempting to block the settlement of a number of shareholder lawsuits filed over HP's disastrous acquisition of the infrastructure software vendor.
Hewlett-Packard has reached agreement in three shareholder lawsuits arising from its over US$10 billion acquisition of Autonomy.
Hewlett-Packard is in "serious" talks about settling a lawsuit brought by shareholders over its troubled acquisition of infrastructure software vendor Autonomy.
Hewlett-Packard's November 2012 decision to write off billions of dollars in connection with the acquisition of infrastructure software vendor Autonomy continues to dog the company as it prepares to face shareholders at an annual meeting Wednesday.
Hewlett-Packard has revised financial reports for its Autonomy division after the company said that an audit turned up a number of serious accounting errors.
A judge has ruled that Hewlett-Packard and its CEO, Meg Whitman, must mount a defense against a shareholder class action lawsuit claiming that Whitman and HP made misleading statements about the acquisition of Autonomy.
Hewlett-Packard's purchase of Autonomy is under investigation by the U.K. Serious Fraud Office, the company said in a regulatory filing ahead of its annual meeting where there are expected to be challenges to the re-election of Chairman Ray Lane and ...
The U.K.'s Financial Reporting Council has launched a probe into Autonomy's financial reporting over a period of more than two years prior to its acquisition by Hewlett-Packard.
A number of parties have expressed interest in buying Hewlett-Packard's Autonomy software business as well as its EDS services arm, according to a Wall Street Journal report published Wednesday.
Hewlett-Packard will continue to evaluate potential divestitures of underperforming parts of its business, and the process could get messy, the company warned its investors in its annual 10-K document, which was filed in late December.
HP said in a legal filing Thursday that the U.S. Department of Justice is investigating its $10.3 billion acquisition of enterprise search company Autonomy, which HP alleges inflated its value through accounting tricks.
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