HP has done its second multi-billion dollar deal inside of ten years, and is looking to take on IBM with a purchase that puts it squarely into the government services arena.

"The companies said Tuesday their boards had unanimously approved the deal, in which EDS shareholders would get $25 per share. The sale is expected to close in the second half of this year and more than double HP's revenue from services, which was $16.6 billion in 2007. EDS had $22.13 billion in revenue last year."