Hewlett Packard Enterprise Co.  (NYSE: HPE) is combining some software assets with Micro Focus International plc of the U.K. in a deal valued at about $8.8 billion as chief Executive officer Meg Whitman takes further steps to slim down the U.S. company’s operations.

Hewlett Packard Enterprise will contribute its software businesses in areas such as application delivery management, big data analytics and enterprise security to Micro Focus, the Palo Alto, California-based company said in a statement. In return, HPE will get $2.5 billion in cash and its shareholders will own 50.1 percent of the merged company, it said.

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