Hewlett Packard Enterprise to buy supercomputer maker Cray in $1.30 billion deal

(Reuters) - Supercomputer manufacturer Cray Inc said on Friday it would be bought by Hewlett Packard Enterprise Co in a deal valued at about $1.30 billion (1 billion pounds), net of cash.The $35 per share value represents a premium of 17.4% to Cray's last close.HPE said it expects the deal to increase its footprint in federal business and academia, and sell supercomputing products to its commercial clients.The deal, expected to close by the first quarter of HPE's fiscal year 2020, will add to..