Deals
HP Said to Have Weighed, Walked Away From Computer Sciences
HP Said to Have Walked Away From Computer Sciences Deal
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Hewlett-Packard Co. was nearing a deal to acquire Computer Sciences Corp. last month until the talks broke down, people with knowledge of the matter said.
The purchase of Computer Sciences, which has a market value of about $9.6 billion compared with Hewlett-Packard’s $61 billion, would’ve been the biggest for HP since 2011. The effort shows Chief Executive Officer Meg Whitman is serious about making big acquisitions to reshape the company’s enterprise business, as it prepares to split into two entities.