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HP is going to Acquire Aruba networks for $24.67 per share in cash.The rumor has been confirmed: HP is going to Acquire Aruba networks for $24.67 per share in cash.

The transition has an equiti value of about $3 billion, approximately $2.7 billion net of cash and debt.

The HP’s go-to-market breadth, together with the Aruba’s innovation engine, will create a company that is uniquely positioned to deliver high-innovative services in the enterprise networking space.

HP wants to leverage the “mobile-first” trend, relying on the 802.11ac products to help enterprises deploy next-generation networks.