HP Effort To Acquire Computer Sciences Broke Down

(RTTNews) - Hewlett-Packard Co. (HPQ) was nearing a deal to acquire Computer Sciences Corp. (CSC) last month until the talks broke down, Bloomberg reported people with knowledge of the matter said.

Hewlett-Packard, which worked on the potential Computer Sciences purchase for several months, doesn't intend to revisit talks with the company, the report said.

Both HP and Computer Sciences have announced plans to split into two companies.

The report also said that Computer Sciences has made multiple attempts to sell itself over the years, and other interested parties could emerge -- in particular for the commercial business. Canada's CGI Group Inc. has had informal conversations with the company about acquiring that business. The parties remain far apart on price however, this person said.