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.

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.

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.

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.

1. 139,000 additional employees for HP

2. Additional $22.1 billion in revenue

</small> 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.

</small> 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>

• Note: We have moved the content of this page to HP EDS Merger. Further updates will be made there.