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Report: HP to Acquire EDS

Agam Shah, IDG News Service

Monday, May 12, 2008 12:40 PM PDT

Hewlett-Packard is close to acquiring IT services company Electronic Data Systems for around $13 billion, according to a report in the Wall Street Journal published on Monday.

The deal could be announced as early as Tuesday, according to the news report, which cited sources close to the matter.

The acquisition could boost HP's services business.

A spokeswoman from HP declined comment.

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