HP in talks to buy EDS for up to $13 billion

by Agam Shah

May 12, 2008 —

Hewlett-Packard is close to
acquiring IT services company Electronic
Data Systems for around $13 billion, according to a report
in the Wall Street Journal published on Monday.

The deal could be announced as early as Tuesday, according to the news report,
which cited sources close to the matter.

The acquisition could boost HP's services business.

A spokeswoman from HP declined comment.

IDG News Service