HPA Plans to Spin Off Enterprise Services Unit in CSC Merger

Six months after Hewlett-Packard split into two companies, the Hewlett Packard Enterprise half announced that it plans to spin off its services business to merge with IT services firm CSC in an $8.5 billion deal. HPE will merge its $20 billion Enterprise Services unit with CSC. HPE shareholders will own about half of the combined company, which will begin operating independently next March. “What will remain at HPE is a leaner $32 billion company that leads the world in sales of servers, the computers that are stacked together in data center racks that power the Internet,” reports Re/code.

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