HP (HPQ) Close To $12-13 Billion Deal For EDS (EDS)

Hewlett-Packard (HPQ) is close to a $12-13 billion deal to buy Electronic Data Systems (EDS), the Wall Street Journal reports. An announcement could come as early as tomorrow. WSJ: A deal would bolster Hewlett-Packard's competitive position versus rival International Business Machines Corp. (IBM) as a provider of services such as tech consulting and customer support. The transaction could spark further large deals in the technology sector as cash...

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