Report: HP to acquire EDS

IDG News Service — Mon, 12 May 2008 12:24:21 -0700

Hewlett-Packard is close to acquiring IT services company Electronic Data Systems for around $13 billion, according to a report in the Wall Street Journal published on Monday.

The deal could be announced as early as Tuesday, according to the news report, which cited sources close to the matter.

The acquisition could boost HP's services business.

A spokeswoman from HP declined comment.

The Industry Standard - Report: HP to acquire EDS - Comments

Report: HP to acquire EDS