The Hewlett-Packard and Autonomy merger in 2011 is an example of a successful merger.

Question

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In 2012, Hewlett-Packard wrote off 9 billion USD of the 11 billion USD it paid for Autonomy, a software company that it purchased one year earlier. After the purchase was completed, HP realized that the Autonomy accounting statements were not accurate. This resulted in a nearly 80 percent drop in the value of Autonomy once the accounting irregularities were corrected.

The Hewlett-Packard and Autonomy Merger in 2011 Is an Example