HPE will acquire Seattle’s Cray for $1.3 billion in merger of storied tech brands – | GLOBAL TECHNOLOGY XYZ | Scoop.it
HPE is doubling down on the supercomputing game, announcing plans Friday to acquire Seattle’s Cray for $1.3 billion in a deal that links two iconic brands in computing history. The all-cash transaction, at $35 a share, is a 17 percent premium over Thursday’s closing price of $29.81 for Cray’s stock.