HP Close to Acquiring ArcSight

Technology giant Hewlett-Packard Co. (HP) may be close to acquiring online security software maker ArcSight Inc.
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HP Close to Acquiring ArcSight
The HP logo is displayed on the entrance to the Hewlett-Packard Headquarters in Palo Alto, California. (Justin Sullivan/Getty Images)
9/12/2010
Updated:
10/1/2015

<a><img src="https://www.theepochtimes.com/assets/uploads/2015/09/hp82844637.jpg" alt="The HP logo is displayed on the entrance to the Hewlett-Packard Headquarters in Palo Alto, California. (Justin Sullivan/Getty Images)" title="The HP logo is displayed on the entrance to the Hewlett-Packard Headquarters in Palo Alto, California. (Justin Sullivan/Getty Images)" width="320" class="size-medium wp-image-1814858"/></a>
The HP logo is displayed on the entrance to the Hewlett-Packard Headquarters in Palo Alto, California. (Justin Sullivan/Getty Images)
Technology giant Hewlett-Packard Co. (HP) may be nearing another acquisition. A Wall Street Journal report Sunday said that HP is close to finalizing a deal to acquire online security software maker ArcSight Inc. for around $1.5 billion, according to people close to the matter.

The proposed price would be $43.34 per share, a 23 percent premium over ArcSight’s Friday closing price. ArcSight, based in Cupertino, Calif., is a leading provider of services that protect businesses and organizations from hackers. A deal could be reported as soon as Monday. If consummated, it would become the second large acquisition for HP this month.