Tuesday, May 13, 2008

Second Request Alert: HP in talks to buy EDS for $12 Bill, give or take a billion.



From the AP, props again to David Johnstone:

"Hewlett-Packard Co. is negotiating to buy technology services provider Electronic Data Systems Corp. in a deal that could help the world's largest personal computer maker snap up more data management and consulting contracts.
Palo Alto-based HP and Plano, Texas-based EDS confirmed the talks Monday shortly after The Wall Street Journal reported a deal could be reached as early as Tuesday. Citing unnamed people familiar with the matter, the Journal said HP will pay $12 billion to $13 billion -- a price that translates to $24 to $26 per share."

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