HPE to buy supercomputer maker Cray for US$1.3bn

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HPE to buy supercomputer maker Cray for US$1.3bn

Bid to bolster footprint in government, academia.

Supercomputer manufacturer Cray Inc said on Friday it would be bought by Hewlett Packard Enterprise Co in a deal valued at about US$1.30 billion, net of cash. The US$35 per share value represents a premium of 17.4 percent to Cray's last close. HPE said it expects the deal to increase its ...

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