HP to Buy EDS for $13.9 Billion
HP said Tuesday morning that it has signed a deal to acquire IT outsourcer EDS for US$13.9 billion, or $25.00 per share.Elizabeth Heichler, IDG News Service
Tue, 13 May 2008 12:00:12 UTC
HP said Tuesday morning that it has signed a deal to acquire IT outsourcer EDS for US$13.9 billion, or $25.00 per share.
The deal has been approved by both companies' boards of directors, and is expected to close in the second half of this year.
HP said it will more than double its services revenue.
(more to follow)