Friday, 21 November 2008
updated 1 minute ago
08:29 UAE time

YOUR DIRECTORY /

HP considering EDS buy

by This email address is being protected from spam bots, you need Javascript enabled to view it on Tuesday, 13 May 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."

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

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