Updated at 2:20 p.m. PST.
Hewlett-Packard is in talks to buy Electronic Data Systems, HP confirmed Monday.
The Wall Street Journal initially reported the two have been in talks for HP to buy EDS for $12 billion to $13 billion, citing unnamed sources. An agreement between the world's largest computer maker and the IT services provider could come as early as Tuesday, according to the Journal.
Shares of HP were down 6 percent after the story posted, and HP confirmed that trading of its stock has been halted. EDS shares were up 27 percent on the news. … Read more