Tags: Autonomy | stake | sale | Blinkx

Autonomy Sells Remaining Stake in Video Website Blinkx

Tuesday, 25 Jun 2013 02:51 PM

 

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Software company Autonomy, owned by U.S. computer maker Hewlett-Packard Co., said on Tuesday it sold its remaining stake in video search engine group Blinkx Plc.

Autonomy said it sold 45.7 million Blinkx shares at a price of 120 pence per share, in a deal valued at 54.84 million pounds ($84.48 million).

The sale, which was at a 5 percent discount to Blinx's closing price on Tuesday, was carried out via an accelerated offering to institutional investors, run by Goldman Sachs.

© 2014 Thomson/Reuters. All rights reserved.

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