Deutsche Telekom not considering buying EDS - sources |
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Tue, 20 Nov 2007 07:11
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FRANKFURT (Thomson Financial) - Deutsche Telekom AG is not considering buying Electronic Data Systems Corp, company sources said, denying an earlier report.Financial Times Deutschland earlier said Deutsche Telekom is in early talks to buy EDS to strengthen its T-Systems unit. It did not say where it got the information.EDS is the world's second-biggest IT services company and has a market value of about 10 bln usd. To finance such an acquisition, Deutsche Telekom would likely have to tie up with a financial investor, the newspaper said.Deutsche Telekom declined to comment on the matter.maria.sheahan@thomson.commur/mas/lamCOPYRIGHTCopyright Thomson Financial News Limited 2007. All rights reserved.The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
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