PALO ALTO, Calif., and PLANO, Texas, May 13, 2008 — HP and EDS today announced that they have signed a definitive agreement under which HP will purchase EDS at a price of $25.00 per share, or an enterprise value of approximately $13.9 billion. The terms of the transaction have been unanimously approved by the HP […]

According to a NYTimes.com article, HP is offering to buy EDS for $12.6 billion in cash. HP is clearly trying to catch up to IBM in the game of IT services for large corporations, an area where IBM certainly has a commanding lead. A combination would lead to some serious integration issues. […]