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HP to buy EDS?

May 13, 2008 at 7:44 pm · Filed under Other things

http://news.bbc.co.uk/1/hi/business/7397370.stm

Hewlett-Packard (HP) has confirmed that it is in talks to buy the information technology provider Electronic Data Systems (EDS).

It followed a report in the Wall Street Journal, which said that HP was close to a deal to buy EDS for between $12bn (£6.1bn) and $13bn.

EDS is a Texas-based information technology services company, of which HP is among the biggest customers.

EDS shares closed up 27.9% while HP shares ended the day down 4.7%.

Very cool, I wonder if this is related to the increase  in outsourcing of the IT infrastructure? Regardless the purchase of EDS could bring new opportunities and added revenue generation/shareholder value for HP. We’ll have to see what this news or changes brings.

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