We're not usually too down with enterprise-services action, but it's hard not to notice HP's $12-13B bid to buy out rival Electronic Data Systems. EDS is best remembered for that "Herding Cats" Super Bowl commercial, but things have been rough lately -- the company just posted 62 percent decline in first-quarter profits. Still, EDS remains a leader in technology outsourcing, and HP seems to think that it'll be better able to take down Big Blue's powerhouse services and consulting group if they merge. The deal isn't done yet, but we should know how things go soon.

Update: The deal is done. HP confirmed that it's buying EDS for $25 per share or $12.5 billion. EDS will be rebranded, "EDS -- an HP company" in recognition of its own corporate blandness.

Times haven't been so great at Helio, but it looks like the troubled MVNO could be snapped up by Virgin Mobile. mocoNews did a little digging after Virgin's recent Q1 conference call, and says that the two companies are currently in merger talks. Since both companies use Sprint's network, the tech would be compatible, and the deal would give SK Telecom a way to keep Helio going as it tries to gain a foothold in the US market. Nothing's set in stone yet and the two companies aren't talking, but we'll definitely keep an eye on this one.

Well, what do you know? Sometimes even the most repetitive of rumors finally comes true. Barely 12 hours after the Wall Street Journal reported that a deal between Sprint, Clearwire (and just about everyone) else was dangerously close to going down, it seems as if the bottom lines have indeed been signed. Details are pretty light at the moment, but we definitively know that Sprint Nextel Corp. and Clearwire Corp. will be merging their "next-generation wireless broadband businesses to form a new wireless communications company." Quite simply, the new WiMAX-pushing outfit will be called Clearwire, even though Sprint will hold around 51-percent of the firm, while existing Clearwire shareholders will own 27-percent and the new investors will hold 22-percent. New investors? Ah yes, Intel, Google, Comcast, Time Warner Cable and Bright House Networks will collectively invest $3.2 billion in the new company, but that figure is "based on a target price of $20 a share of Clearwire's common stock, and is subject to a post-closing adjustment."

[Via CNN]

Yahoo's done its best to fend off Microsoft's aggressive advances until now, but it suddenly looks like the struggling company might be getting some help -- both the Wall Street Journal and Reuters are reporting that the Yahoo is "closing in" on a deal to merge with Time Warner's AOL division and partner up with Google on search advertising. Yeah, that's pretty major, and it would probably do something about those declining shares Microsoft's been making noise about. The idea is for Time Warner to sell AOL to Yahoo and make a large investment in the new company, which would probably be valued at around $10B. There's apparently a lot of work left to do on the deal, and it would still have to be approved by Yahoo and Time Warner shareholders, but it looks like Yahoo is no longer stuck taking Ballmer and Co. to the dance.

[Disclosure: Look up to the right. See that? Yeah, Engadget is owned by AOL -- but trust us, we have no idea what's going on.]

Read - WSJ article
Read - Reuters article

It doesn't feel like this one has too sturdy a leg to stand on just yet, but according to Financial Times, Hewlett-Packard may be (once again) looking to acquire Kodak. Reportedly, the rationale is that combining the strengths of the two would "create a global imaging powerhouse." Additionally, it was noted that Kodak is "trimmer and in better financial shape largely because of steps taken by CEO Antonio Perez, a 25-year HP veteran recruited in 2003 and CEO since 2005." As expected, spokespeople from both outfits declined comment, but we wouldn't be surprised if this here acquisition was at least on someone's table.

It's been a busy day for tech acquisitions: first, Acer ponied up to acquire Gateway, which in turn was rumored to be interested in Packard Bell, and now we're hearing rumors that Quanta and Hon Hai, two of the biggest device manufacturers around, are ready to tie the knot. The rumor's actually been floating around for a while -- long enough for Hon Hai to have denied it several times -- but Quanta's CEO, Michael Wang, resigned over the weekend, in part because he disagreed with the acquisition plan. Hon Hai (also known as FoxConn) is probably best known for manufacturing the iPod, but the company isn't particularly strong in the laptop segment, where Quanta is the clear leader. Nothing's been announced yet, but it's a dramatic time in the Asian ODM world -- stay tuned.

[Via BloggingStocks]

Joining the growing array of recent acquisitions is Planar and Runco International, as just today Planar has written a check for $36.7 million to take on the assets of privately-held Runco International, Inc. Planar, while not a household name in the home theater biz, managed to hold its own amongst competitors in the HT market, and while the majority of its products catered to the mid-range consumer, we suspect that picking up Runco was the easiest way to launch into the high-end realm. As expected, it looks like the Planar, Runco, and Vidikron brand names will remain as they are, and just as Planar will continue to sell through its current network of distributors, it sure sounds like Runco will remain a niche offering rather than bleeding over towards the mainstream.

Hot on the heels of yet another big time acquisition between Philips and DLO comes news that Netgear will be snapping up the privately-held Infrant Technologies for a cool $60 million in cash. All 34 employees will soon be wearing Netgear badges, and Infrant's CEO will move over and become Netgear's Vice President and General Manager for storage products. Essentially, Netgear is hoping that this move will strengthen the firm's presence in the enterprise and small-business storage realm, as it can now offer up a trusted name in RAID-based NAS products for SMB, SOHO, and the home. More specifically, the ReadyNAS, RAIDiator, and X-RAID portfolios were the targets of Netgear's desire, and while details on branding and the timeframe for the merge weren't noted, it sounds like Netgear's ready to get this party started on the double.

[Thanks, Matt]

We already know just how "priceless" the XM / Sirius merger will be, that your current radio will probably still function just fine, and that both firms are still facing legal heat in one way or another, but we hadn't heard just how the newlyweds would handle the pricing of the new service -- until now. In a decision sure to make a few people elated while giving a hint of suspicion to most others, the merged company will offer customers a package that includes "less channels" at a monthly price lower than $12.95, one that seems "substantially similar" for exactly $12.95, and finally, a third option that touts even more channels for "a modest premium." We can only assume that the pricey third alternative will boast a nice mixture of both companies' existing lineups, but unfortunately, it also leaves open the possibility that the cheaper two options might exemplify the "you only get what you pay for" tagline.

[Thanks, Frankenstein B.]

Well, we can't exactly say that we didn't see this one coming, but for the deal to actually get inked would indeed be something special. According to the New York Post, Sirius and XM are all set to announce a merger deal after hammering out details all weekend long. Of course, it was noted that the somewhat shaky agreement "could fall apart at any time," and interestingly enough, both companies purportedly spent the majority of their (and their lawyers) time ironing out the good stuff while leaving "regulatory concerns" on the back burner. Unfortunately, those very issues could be insurmountable hurdles, as the typically stubborn FCC certainly has played hard ball with each company before, and having one overriding satellite provider with no competition in sight is ripe for monopoly arguments. Regardless, you won't find us complaining about a little Howard just a few channels down from Oprah, or a dash of MLB just a dozen notches from the NFL, but considering that gaining that oh-so-critical regulatory approval "could take up to 15 months," we wouldn't count on your lineup changing anytime soon no matter what.

For you lucky folks in New England who just got access to Verizon's 50Mbps FiOS services, you didn't think those hefty upgrades were sans a cost, did ya? Sure, Verizon's socking it to the high-end customers on that monthly bill, but the huge implementation costs ($18 billion, to be exact) of running all that fiber has persuaded Verizon to "sell the New England landline business as well as lines in several Midwestern states" to get a whopping $1.7 billion in debt wiped from its slate. The purpose of the merger is to free up assets to continue full speed ahead with its extremely costly FiOS rollouts, and since Verizon is intelligently targeting the largest markets (read: most lucrative) first, it's leaving the rural spots for FairPoint to handle. Nearly 3,000 Verizon employees will now be receiving checks from the Charlotte, NC-based FairPoint, with about 600 more expected to switch after the deal is completed. Additionally, shareholders will receive $1 billion of FairPoint common stock in the merger, as both companies attempt to keep everyone smiling throughout the process. If everything goes as planned, which typically never happens in these type deals, the merge will be complete "by year's end," so if you're content with Verizon services up in New England or the Midwest, don't be alarmed if "some FairPoint bill" starts showing up in your mail. [Warning: Read link requires subscription]