HP acquires EDS for $12.6 billion, creating a monolith of profitable boredom

Nicholas Carlson · 05/13/08 09:24AM

Hewlett-Packard will acquire Electronic Data Systems (EDS) for $25 a share, doubling the size of HP's services unit and making it the second largest company in the space after IBM. Both company boards have unanimously approved the deal, which should close in the second half of next year. [WSJ]