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Former exec says HP 'bungled' the Autonomy acquisition, alleges cover-up

2014-08-12 21:37:33| InfoWorld: Top News

Autonomy's former CFO has claimed that Hewlett-Packard is accusing him and other ex-employees of fraud in order to cover up its own failings in the disastrous 2011 acquisition. After buying Autonomy, HP took a $8.8 billion writedown on the $11.1 billion deal, citing widespread accounting improprieties at the company before the sale.

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