Tech

Hewlett Packard Enterprise to buy supercomputer maker Cray in a $1.3 billion deal

New server racks in the Hewlett Packard Enterprise Executive Briefing Center feature the new branding.
Source: Hewlett Packard Enterprise

Supercomputer manufacturer Cray said on Friday it would be bought by Hewlett Packard Enterprise in a deal valued at about $1.3 billion.

The $35 per share value represents a premium of 17.4% to Cray's last close. The deal is expected to close by the first quarter of HPE's fiscal year 2020.

The deal was originally reported by Bloomberg.

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Third fatal Tesla Autopilot crash renews questions about the system

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  • Tesla's Autopilot system was engaged during a fatal March 1 crash of a 2018 Model 3 in Delray Beach, Florida.
  • It was at least the third fatal U.S. crash reported involving the driver-assistance system, the National Transportation Safety Board said.
  • Separately, Chief Executive Officer Elon Musk told employees that he will increase scrutiny of the company's expenses in his latest initiative to cut costs at the electric car maker.