HP in talks to buy EDS
Hewlett-Packard is in talks to buy technology outsourcing company Electronic Data Systems for $12 billion to $13 billion in a deal which would vault it to a close second to IBM in technology services.
The acquisition would be HP's biggest since its $19 billion acquisition of Compaq in 2002. Shares of EDS rose nearly 28 percent, taking its market value to about $12 billion.
HP shares fell nearly 5 percent amid some skepticism that slow-growing EDS, still considered in turnaround mode, would provide more than a one-time boost, and might not be worth a premium of as much as 37 percent.
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