HP Enterprise said to near deal for supercomputer maker Cray

Buying Cray would help HP Enterprise strengthen its position in high-end computer systems against International Business Machines Corp.

Source: www.freemalaysiatoday.com

Hewlett Packard Enterprise Co. (NYSE: HPE) is in discussion to acquire supercomputer maker Cray Inc. If the transaction closes, it will mark HP Enterpriseā€™s biggest deal since it started trading in 2015. With the acquisition of Cray, HPE would be able to strengthen its position in high-end computer systems against International Business Machines Corp. Although, no final agreements have been reached, according to sourcesa, deal could be announced as soon as this week.