HP buys EDS for $13.9 billion

HP buys EDS for $13.9 billion

By
Mark Mitford (Editor)
on May 13, 2008 1:38 PM | | Comments (0)

"HP said Tuesday morning that it has signed a deal to acquire IT outsourcer EDS for $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. (See our FAQ for details on what the deal means for enterprises and the IT services industry.)

HP said it will more than double its services revenue.

The deal will greatly expand HP's IT services business and catapult it to the number two spot close behind IBM, whose Global Technology Services division has long been a strong profit generator for the company."

Link to full article

About ShinyPlastic Snips

Here at ShinyPlastic we come across all sorts of interesting stories we want to share with our readers (like this story about HP buys EDS for $13.9 billion) but we don't have time to write about all of them. Snips are just little clippings of articles we found interesting and want to share with you without making any editorial comment on them.

 
Google
 

Leave a comment

sponsored links

Recent Entries

Monthly Archives

sponsored links
About this Entry About this Page

This page contains a single entry by Mark Mitford (Editor) published on May 13, 2008 1:38 PM.

Quickoffice® and DynoPlex Announce Native Office Document Support for Blackberry Devices was the previous entry in this blog.

MIT students show power of open cell phone systems is the next entry in this blog.

Find recent content on the main index or look in the archives to find all content.

Technorati

Technorati search

» Blogs that link here