HP Nearing $1.5 bn Deal To Buy ArcSight

Hewlett-Packard is nearing a deal to buy cybersecurity company ArcSight for about $1.5 billion, the Wall Street Journal reported.

ArcSight drew interest from several large tech companies and had been seeking around $42 per share, the Journal reported, citing unnamed sources. A deal could be announced as soon as Monday. HP declined to comment. ArcSight was not immediately available for comment.

This deal would be HP’s second major acquisition since the departure of Mark Hurd as chief executive, showing the technology giant remains aggressive in pursuing growth despite the turmoil in the corner office.

Earlier this month, HP won a bidding war against rival Dell to buy data storage company 3PAR for $2.4 billion, in a deal that gave 3PAR a rich valuation.