HP considering EDS buy

HP in talks for possible $12-13bn purchase of services company EDS

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By  Mark Sutton Published  May 13, 2008

HP has revealed that it is considering a possible purchase of services giant EDS.

The company has confirmed reports in the Wall Street Journal that it is holding discussions with EDS over a possible buy. The Wall Street Journal had said that HP was offering between twelve and thirteen billion dollars for the Texas-based services company.

A statement from HP issued yesterday said: "HP today confirmed that it is engaged in advanced discussions with Electronic Data Systems Corporation regarding a possible business combination involving the two companies."

HP is already a major customer of EDS, and a buy would be a big boost to HP's services division.

3421 days ago
Zoher

Certainly it is the right time now for HP to do so, since they were planning to buy Price Waterhouse prior to COMPAQ merger but now with the COMPAQ consolidation over and HP being the largest IT hardware company, this move will take them to being the larget IT solution and services company and also make a great competition with IBM

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