Jul 1 2008
Hewlett-Packard clears U.S. hurdle to EDS purchase
Hewlett-Packard cleared an antitrust hurdle in its $13.2 billion purchase of Electronic Data Systems. A waiting period under U.S. law passed without any request for additional information from regulators, Hewlett-Packard said Monday. This indicates there’s no opposition to the deal. The purchase would more than double the computer maker’s revenue from services, challenging IBM. The [...]
May 13 2008
HP taking aim on IBM with risky $13.2B acquisition of EDS
Riding a hot streak that has doubled its stock price in the past three years, Hewlett-Packard Co. is rolling the dice on a $13.2 billion acquisition of technology services provider Electronic Data Systems Corp. The all-cash deal announced Tuesday represents HP’s biggest gamble under the leadership of Mark Hurd, who was hired as chief executive [...]
