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HP Seals the Deal, Buys EDS For $14B

Posted by timothy on from the the-same-only-different dept.

netbuzz writes "Following yesterday's spate of heated rumors, the announcement comes this morning that HP has completed a deal to buy EDS for just under $14 billion. The acquisition has been approved by the boards of both companies, according to HP. EDS CEO Ron Rittenmeyer has issued an e-mail to his employees promising that the company brand will continue and, "We are — and will remain — EDS."

1 of 214 comments (clear)

  1. Re:So no more REDS and TEDS then? by bsDaemon · · Score: 0, Offtopic

    Marxists or Ted Kennedy? But I repeat myself...

    At least, that is how I except H. Ross Perot's company to approach those monikers.