As it confirms talks to buy EDS
It has been confirmed by Hewlett-Packard that buyout of EDS is under discussion
According to a report in the Wall Street Journal that said HP was about to close a deal to take over EDS around $12Bn to 13bn
Electronic Data Systems (EDS) is an information technology provider that is based in Texas and HP is one of its biggest customers.
At the closing of stock, EDS shares were closed up 27.9% while HP shares closed at 4.7% short statement was issued by Hewlett-Packard after the market closed he statements explains that HP is discussing a possible business combination with EDS
However, some experts are not sure about the logic of this coming deal.
If this buyout takes place, HP will prove even stronger competitors to IBM as they both compete for the business clients.
During some previous years, handsome amounts on business infrastructure software companies have been spent by HP. Buyout of the companies like Opsware, SPI Dynamics, Mercury Interactive, Bristol Technology also includes in it.
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