HP leaning towards PC unit spin off
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When HP announced it would drop hardware support for the TouchPad tablet, the PC business side was up for grabs as well. Now, HP may be more likely to spin off its PC unit as a separate company instead of selling it off to any potential competitors.
“We prefer a spin-off as a separate company and the working hypotheses is that a spin-off will be in the best interests of HP’s shareholders, customers and employees,” said an HP spokeswoman on Monday. She later clarified that HP would still need to “complete the diligence process” and evaluate what the spin-off would entail if it were to fall through.
The entire process could take anywhere from a year to a year and a half, according to Reuters. Exactly what path HP will decide to take, however, is expected to be formally announced before the end of this year.
Samsung was rumored to be interested in the HP PC business, but that was quickly shot down late last week.