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Acquisitions and Divestitures
3 Months Ended
Jan. 31, 2017
Business Combinations [Abstract]  
Acquisitions and Divestitures
Acquisitions
Acquisitions
During the first three months of fiscal 2017, the Company completed the acquisition of SGI, a global leader in high-performance solutions for computer data analytics and data management. SGI's results of operations are included within the EG segment. The acquisition date fair value consideration of $349 million consisted of cash paid for outstanding common stock, debt and the estimated fair value of earned unvested stock awards assumed by the Company. In connection with this acquisition, the Company recorded approximately $76 million of goodwill, $150 million of intangible assets, and $30 million of in-process research and development. The Company will amortize the intangible assets on a straight-line basis over an estimated weighted-average useful life of five years. Goodwill is not deductible for tax purposes.
The purchase price allocation for acquisitions may reflect various preliminary fair value estimates and analysis, including preliminary work performed by third-party valuation specialists, certain tangible assets and liabilities acquired, the valuation of intangible assets acquired, certain legal matters, income and income based taxes, and residual goodwill, which are subject to change within the measurement period as valuations are finalized. Measurement period adjustments are recorded in the reporting period in which the estimates are finalized and adjustment amounts are determined.
In January 2017, the Company entered into a definitive agreement to acquire SimpliVity, a leading provider of software-defined, hyperconverged infrastructure, for $650 million in cash. SimpliVity's results of operations will be included within the EG segment. The transaction closed on February 17, 2017.
In March 2017, the Company entered into a definitive agreement to acquire Nimble Storage, Inc. ("Nimble"), a provider of predictive all-flash and hybrid-flash storage solutions. The Company will pay $12.50 per share in cash, representing a net cash purchase price at closing of $1.0 billion. Nimble's results of operations will be included within the EG segment.