Due diligence - HP takes $8.8 billion hit over Autonomy

Hewlett-Packard has been plunged into an accounting scandal over its 2011 acquisition of Autonomy, the UK enterprise software company, after writing down $8.8bn in the value of the $11bn deal.

The struggling US technology conglomerate has alleged that "serious" accounting improprieties at the British software company were responsible for more than $5bn of the write-down ... READ MORE

Released by the Financial Times - 20 November 2012