American computer giant Hewlett-Packard has asked US and UK authorities to investigate what it claims was a, “wilful effort to mislead” by UK company Autonomy.
The request comes following their takeover of the software group.
HP said it recorded a 6.8 billion euro writedown because of the purchase pushing the company to a 5.3 billion loss.
“We did a whole host of due diligence but when you are lied to, it’s hard to find,” said Meg Whitman, HP’s chief executive.
Autonomy reject the allegations with former Chief Executive Mike Lynch believing HP is trying to deflect from its worst financial results in its 70-year history.
The American company is also focusing on Deloitte the accountancy firm which audited Autonomy’s accounts.
The takeover was completed last October at a cost of 9.3 billion euros.
Copyright © 2015 euronewsMore about:
- 1Hard times ahead for Ukraine with massive job cuts and price hikes on the way
- 2Riga at the heart of Europe’s digital revolution
- 3German doubts in Greek debt crisis
- 4Highest number of Germans below poverty line since reunification
- 5Ireland and Denmark get a slice of Apple as company announces huge European project
- 1euronews live TV - News | euronews : the latest international news as video on demand
- 2eurovibes - a selection of Europe’s best music talent
- 3Exclusive: CIA and Mossad are behind Boko Haram and ISIL, says Sudan president | euronews, world news
- 4Greek debt: who will pay if Greece fails? | euronews, world news
- 5English and Spanish among happiest languages | euronews, world news
- 6Exclusive: Tsipras promises meritocracy, transparency for Greece, urges Europe to put people first | euronews, world news
- 7European Union News | euronews: latest breaking news and headlines about European Union
- 8Dramatic dashcam video captures Taiwan plane crash | euronews, world news
- 9International news | euronews, latest international news
- 10Data ‘mocks’ claims migrants try for Europe ‘expecting’ sea rescue | euronews, world news
- 11Watch: Ukraine MPs in fierce fist fight outside parliament | euronews, world news
- 12Live updates: follow the 2015 Oscars ceremony | euronews, world news
- 13Kosovo emptying out, hopes for independent future exhausted | euronews, world news
- 14Canada: Valentine’s Day mass shooting plot foiled say police | euronews, world news
- 15Implanted RFID chip controls office access for Stockholm workers | euronews, hi-tech
- 16‘Blue’ dress causes internet confusion. Is it white and gold? | euronews, world news
- 17Barack Obama’s silly Buzzfeed video goes viral | euronews, world news
- 18euronews apps : iPhone, iPad, Android, Windows Phone 8, Windows 8, Nokia S40, Nokia Asha, Smart TV and Google Glass
- 19Elastic road surface reduces motorway noise pollution | euronews, futuris
- 20‘Europe’s interests come first’, says new Greek government | euronews, world news
Wires > Business
- 01:46 CET Asia edges up after China rate cut, euro sags
- 01:26 CET China’s economic growth expected to slow to 7 percent in first…
- 01:15 CET Berkshire insurance ‘superstar’ could fill Buffett’s shoes
- 22:47 CET Samsung unveils sleek new Galaxy phones to take on Apple
- 18:12 CET RWE presses ahead with DEA sale as UK demurs
- 18:07 CET Bells toll for Europe’s largest gas field
- 17:18 CET Spanish PM hits back at Greek accusation of anti-Athens ‘axis’
- 16:13 CET Spanish PM hits back at Greek accusation of anti-Athens ‘axis’