Finance / United States
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HP Closes EDS Mega-Acquisition
August 2008 | In The NewsSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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On August 26, Hewlett-Packard finally completed its acquisition of computer services giant EDS, as it increasingly looks to rival IBM. The US$13.9bn deal is one of the largest yet seen in the technology sector, and for Hewlett Packard is second only in size to its 2002 acquisition of Compaq. Combined, Hewlett and EDS can combined revenue in 2007 of US$38bn, but the combination of two such behemoths will not be all plain sailing.