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HP Aquires EDS

By John | May 13, 2008

Hewlett-Packard (HPQ) confirmed it’s buying EDS (EDS) for $25 a share, or $12.5 billion. HP said the deal will more than double its services revenue and add to earnings by 2010. HP said it intends to establish a new business group, to be branded EDS – an HP company, which will be headquartered at EDS’s existing executive offices in Plano, Texas.

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