2011's $11B acquisition of Autonomy by HP, with allegations of inflated value and $9B write-off, leads trial of former Autonomy CEO and VP.

The trial of former Autonomy CEO Mike Lynch and Autonomy’s former VP of Finance, Stephen Chamberlain, will examine Hewlett-Packard's (HP) $11 billion acquisition of the British software company in 2011, which resulted in a costly debacle for the Silicon Valley giant. If found guilty, Lynch and Chamberlain could face more than 20 years in federal prison. The acquisition, initially hailed as a coup for HP, was later found to have inflated Autonomy’s value after the takeover, leading to Meg Whitman writing off nearly $9 billion of the acquisition price.

March 18, 2024
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