Guide Note
According to the Electronic Data Systems website Hewlett-Packard and EDS have reached a $13.9 billion agreement to merge.
The deal, which is HP's largest since acquiring Compaq for $20 billion in 2002, is set to close later in 2008 and will give EDS stockholders $25 per share. It will make HP the second-largest company of its kind, a close second to IBM.
Fast Facts
- 139,000 additional employees for HP
- Additional $22.1 billion in revenue
Hewlett-Packard
HP is headquartered in Palo Alto , California. The company first started in a garage, focusing on developing electronic test and measurement equipment. HP produced the first hand held scientific calculator and personal computers.
Electronic Data Systems
EDS is headquartered in Plano, Texas. They're a business and technology services company and are listed on the Fortune 500 list as one of the largest service companies.
- Note: We have moved the content of this page to HP EDS Merger. Further updates will be made there.
Hewlett-Packard EDS Merger News
- EDS.com: HP to Acquire EDS for $13.9 Billion (May 13, 2008)
- Topix.net: Hewlett-Packard EDS Merger
- Google News: Hewlett-Packard EDS Merger
- The New York Times: Hewlett-Packard Said to Be Close to Buying E.D.S. (May 13, 2008)
- Reuters: HP's Plan to Buy EDS to Spark M&A in IT Services Sector (May 13, 2008)
- Computer World: Analysis: Why Hewlett-packard Wants EDS (May 13, 2008)
- Forbes: HP Looks To Start Some Trouble (May 12, 2008)
- The Wall Street Journal: New Dealing (May 12, 2008)
