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HP to exit PC business, buy Autonomy

Hewlett Packard has confirmed that it will try to spin off its PC business and stop making tablets and phones, in order to refocus on software, Reuters has reported. The US company has reportedly agreed to buy UK software firm Autonomy for $11.7bn. HP added that it was considering selling its personal systems group, which includes the world's biggest PC-making business, and that it will discontinue its webOS devices.