EU approves HP purchase of EDS

European Union antitrust regulators have approved the proposed purchase of technology services provider Electronic Data Systems Corp. by Hewlett-Packard Co. The European Commission's decision, announced Friday, says the deal between the two U.S. companies would not hinder competition on the EU market. It said EDS and HP did not compete heavily against each other in the IT markets they do business in. Hewlett-Packard announced in May it would pay US$13.2 billion (€8.39 billion) for EDS. HP, maker of personal computers and printers, prizes EDS because it wants to become a much bigger player in technology services. Today in Business with... [read full story]