Hewlett Packard closing in on a deal with Electronic Data Systems

Market sources say that US based PC maker Hewlett Packard is closing in on a deal to acquire information technology services provider Electronic Data Systems.

This deal could be worth between USD 12-13 billion.

Wall Street Journal said in a news report that an official announcement can come as soon as today.

HP and EDS have declined to comment on these latest reports in the media for a possible acquisition deal.

This acquisition would help HP compete effectively against IBM which has been boosting their services and products through similar acquisitions.

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