HP's bid for EDS receives US clearance

Antitrust regulators in the US give the proposed $12.6 billion (£6.3 billion) tie-up their blessing, but EU counterparts have yet to rule on the matter.

Hewlett Packard

HP's planned $12.6 billion takeover of IT services giant EDS has cleared its first major hurdle after gaining clearance from a US government antitrust review.

However, the two companies are still waiting for approval from European regulators. EDS will hold a shareholder meeting on 31 July in order to secure shareholder approval for the deal.

Buying EDS, one of the pioneers of the outsourcing of managed computer services, would vault HP to second place in the technology services industry behind IBM Global Services.

Featured Resources

Seven steps to connect and empower your frontline workers

How business leaders can improve communication with a secure platform

Free download

Create what’s next

The future of collaboration and productivity

Free Download

Leveraging the cloud without relinquishing control

Your data. Their cloud.

Free download

Re-architecting for nonstop innovation

Unlocking productivity, scalability, and lower costs for cloud natives

Free Download

Most Popular

How to speed up Microsoft's Windows 11
Microsoft Windows

How to speed up Microsoft's Windows 11

9 Nov 2021
Nike to take customers into the metaverse with 'NIKELAND'
virtualisation

Nike to take customers into the metaverse with 'NIKELAND'

19 Nov 2021
Best MDM solutions 2020
mobile device management (MDM)

Best MDM solutions 2020

12 Nov 2021