Hewlett Packard Enterprise, which split from HP last year, today announced that it has acquired SGI, a company that makes servers, storage, and software for high-performance computing, for $275 million in cash and debt.
That was VentureBeat, which was overall so badly written I don't even want to link to it. Here's a quote from a blog post at Barron's:
Hewlett Packard to Pay $7.75/Sh for SGI, Driving Shares up 27%
Hewlett-Packard Enterprise (HPE) this afternoon said it will purchase venerable supercomputing technology maker Silicon Graphics (SGI) for $7.75 per share, for a total consideration of $275 million, net of SGI’s cash, driving SGI stock up $1.62, or 27%, to $7.60, in late trading.
SGI’s CEO Jorge Titinger spoke of the company’s “high-performance data technologies and analytic capabilities, based on a 30+ year legacy of innovation,” saying they “complement HPE’s industry-leading enterprise solutions.”