HP Buying Aruba Networks in Deal Worth About $2.7 Billion

Hewlett-Packard agreed to buy Aruba Networks in a deal worth about $2.7 billion, said an HP news release Monday. It said that puts HP in position to address market trends for next-generation 802.11ac Wi-Fi standards and the push for everything to be mobile-centric. HP said the deal is expected to be completed in the second half of its FY 2015, subject to Aruba stockholder approval, regulatory approvals in the U.S. and other countries, and other customary closing conditions.