HP Enterprise to pay $1bn for Nimble storage firm

Hewlett Packard Enterprise has agreed to buy Nimble Storage in a deal valued at about $1bn (€943m), bolstering a higher-growth segment of the market for data storage.

The $12.50-a-share offer for Nimble was 45% more than Monday’s closing price. Hewlett Packard Enterprise said yesterday it will also assume, or pay out, about $200m of Nimble’s unvested equity awards at the closing of the deal.

CEO Meg Whitman, looking for ways to return to sales growth, is spending more on acquisitions after a multiyear effort to slim down her company.