August 26, 2008
Electronic Data Systems Corp. and Hewlett-Packard Co. close on $13.9 billion merger.On August 26, Willkie client Electronic Data Systems Corp. (EDS) closed on its sale to Hewlett-Packard Co. (HP) for an enterprise value of approximately $13.9 billion. The deal is considered the largest acquisition ever in the information technology services sector and the second-largest in the technology industry. EDS, based in Plano, Texas, founded the information technology outsourcing industry more than 45 years ago. Palo Alto-based HP is among the world’s largest IT companies. The merger has created the second-largest IT services company in the world.The transaction was handled by partners Thomas Cerabino, Serge Benchetrit, Frank Daniele, Thomas Henry and Christopher Peters; and associates Russell Leaf, Katie Calabrese, Rebecca Gutner, Jeremy Hendon, Kevin Klesh, Thomas O’Grady, Jonathan Reich, Danielle Scalzo, Mal Serure and Leslie Spencer.
