View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
June 26, 2013

Autonomy sells remaining stake in Blinkx

About 45.7 million shares were sold at a price of 120 pence per share

By CBR Staff Writer

Software firm Autonomy, owned by US computer maker HP, has completed the sale of its remaining stake in video search engine firm Blinkx.

The software firm has sold about 45.7 million shares in the video website at a price of 120 pence per share, which brings value of the deal to $84.48m.

The sale was executed through an accelerated offering to institutional investors and run by Goldman Sachs.

HP spokesman Michael Thacker said in statement: "HP is selling its stake in Blinkx as part of our ongoing efforts to refocus the company on our strategic priorities."

Founded in 2004 in the US by former Autonomy CTO Suranga Chandratillake, Blinkx is based on the application of Autonomy’s Intelligent Data Operating Layer (IDOL) technology.

During early June 2013, Blinkx director, former HP executive and Autonomy founder Mike Lynch had sold a million shares in the video search firm worth a $1.75m, while he still owns about 21 million shares, which would offer him a control of about 6% of the firm.

Content from our partners
Scan and deliver
GenAI cybersecurity: "A super-human analyst, with a brain the size of a planet."
Cloud, AI, and cyber security – highlights from DTX Manchester

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.