AUG 18, 2011 6:43pm ET

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HP Shuts WebOS Business, Acquires Autonomy for $10B

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Hewlett Packard has announced it is halting its WebOS business supporting computing devices including smartphones and the TouchPad, and revising its sales outlook downward. In a flurry of news, HP also announced it is acquiring U.K.-based software vendor Autonomy for approximately $10.2 billion and exploring options to spin off its personal computer business.

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