News Detail:HP bought EDS for nearly 9,000 million

It is the largest acquisition of the company from computer science to be done with its rival Compaq in 2002.
Will enable HP to better compete with IBM.

The company Hewlett Packard has reached an agreement to acquire a 13,900 million dollars (about 9,000 million euros) the computer services company Electronic Data Systems (EDS) in order to compete with its rival IBM.

The acquisition of EDS will make HP more competitive in the field of technology services and computer in front of International Business Machines (IBM), according to the U.S. financial press.

It is the largest purchase being made by HP since it acquired Compaq in 2002 the company, a manufacturer of personal computers, 20,000 million dollars.

The world largest manufacturer of personal computers will pay $ 25 per share for acquisition, which represents a premium of 33% over the closing price of the shares of EDS last May 9, before the two companies confirmed they were in negotiations.

Hewlett Packard and EDS, which are confident that the transaction is closed in the second half of the year, indicated that the terms of the agreement have been approved unanimously by the boards of both companies.