Posted AT 11:53 AM EDT on 13/05/08
HP to buy EDS for $12.6-billion
SAN FRANCISCO — Hewlett-Packard Co. is buying Electronic Data Systems Corp. for $13.2-billion (U.S.) in a deal that will create the second-largest technology services provider behind IBM.
Under the terms announced Tuesday, Palo Alto-based HP will pay $25 per share in cash for EDS, which pioneered the concept of running computer systems and providing other high-tech help for large companies and government agencies.
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