HP sells stake in China unit for $2.3bn

GMT 13:10 2015 Thursday ,21 May

Arab Today, arab today HP sells stake in China unit for $2.3bn

New York - Arab Today

Hewlett-Packard said Thursday it was selling a 51 percent stake in its China-based server business, creating a joint venture with Tsinghua Holdings that will be a sector leader in China.

HP said it would sell the stake for $2.3 billion, creating a new business called H3C worth $4.5 billion that would be the leader in China in computer servers, storage and technology services.


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