Feeds

US regulators lapse into state of approval for HP's EDS buy

Deal receives official 'meh'

High performance access to file storage

US regulators are letting Hewlett-Packard's planned $13.9bn purchase of computer services giant Electronic Data Systems (EDS) go through without much anti-trust fuss.

Both the Department of Justice and Federal Trade Commission have let the required competition law waiting period expire sans any requests for additional information into the matter.

HP's purchase of Texas-based EDS will effectively double its services business. It will also make the company a strong second in the IT services market behind IBM.

So HP looks in good shape stateside, although the acquisition still needs approval from EDS shareholders and overseas regulators. That could be trickier — as Europe has a history of judging major IT company buys with a heavier hand.

EDS investors will have their say regarding the acquisition during a shareholder meeting July 31. If all goes smoothly for HP, it expects to close the purchase in the second half of this year.

We're sure the likes of Sun, Dell and Cisco are happy to see the US give up without a fight. They're all wondering exactly how this acquisition will affect their strong ties to EDS. ®

High performance access to file storage

More from The Register

next story
Sorry London, Europe's top tech city is Munich
New 'Atlas of ICT Activity' finds innovation isn't happening at Silicon Roundabout
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Did a date calculation bug just cost hard-up Co-op Bank £110m?
And just when Brit banking org needs £400m to stay afloat
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
prev story

Whitepapers

Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
HP ArcSight ESM solution helps Finansbank
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Mobile application security study
Download this report to see the alarming realities regarding the sheer number of applications vulnerable to attack, as well as the most common and easily addressable vulnerability errors.