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HP Enterprise is buying a flash storage company for $1 billion

HP Enterprise is buying a flash storage company for $1 billion

Wednesday, March 8, 2017, 12:58 PM

Hewlett Packard Enterprise is buying a flash storage company for about $1 billion. The deal represents about a 45% premium to Nimble's closing price on Monday. HPE chief executive Meg Whitman said in a statement, that this acquisition is exactly aligned with the strategy and capital allocation approach we've laid out. We remain focused on high-growth and higher-margin segments of the market.
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