HP loses more from Autonomy

Caitlin Morrison
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TECHNOLOGY firm Hewlett-Packard agreed yesterday to pay a $100m (£65m) class-action settlement over the ill-fated acquisition of UK software company Autonomy.

The cash will compensate Dutch pension fund PGGM and others.

HP acquired Autonomy in 2011 for $11bn but was forced to write down its value by $8.8bn only a year later.

PGGM said HP’s bosses harmed investors by playing up prospects for the buy up. A separate row between HP and Autonomy’s founder rolls on.