Core Points - The London High Court ruled that Hewlett Packard Enterprise (HPE) is entitled to approximately £700 million (about $944 million) in damages due to the acquisition of Autonomy, a UK software company owned by Mike Lynch and his former partner [1] - The court determined that HPE should have paid £23 per share for Autonomy instead of the £25.50 actually paid, indicating that HPE's claims had been significantly exaggerated [3] - A further hearing is scheduled for November to address any appeals and the distribution of the compensation amount between HPE and Hussain, following a prior settlement reached earlier this year [2] Company and Industry Summary - HPE is seeking to recover losses attributed to Lynch and former CFO Sushovan Hussain, with the court awarding nearly £698 million in compensation based on the difference between the price paid and the price that would have been paid had the true financial condition of Autonomy been known [1] - The acquisition of Autonomy in 2011 for $11.1 billion ultimately failed, leading to an asset write-down of $8.8 billion within a year, and HPE filed a lawsuit for $5 billion against Lynch and Hussain [2] - Lynch, who was once compared to Bill Gates, maintained his innocence and had planned to appeal the 2022 ruling before the recent damages decision halted that process [2]
慧与科技(HPE.US)获判7亿英镑赔偿 Autonomy收购案争端落定