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Reuters reveals French IT firm Atos made $10 bln DXC bid approach; market reacts

Business & FinanceDealsTech

Reuters was first to report that French IT consulting firm Atos has made a more than $10 billion bid approach for U.S. rival DXC technology to create a digital services powerhouse with a global presence. Atos is working with advisers to take control of New York-listed DXC, a former Hewlett Packard Enterprise business, and made a formal approach this week, Reuters sources said. %. If successful, a combination with DXC would give Atos access to a wide range of clients and B2B products including analytics and cloud applications, as well as IT outsourcing services. The deal, which would rank as Atos’ biggest ever acquisition, would also lead to synergies and cost savings.

Market Impact

The news, which was later confirmed by both companies, sent Atos’ shares down 12% while DXC stock rose 10%.

Article Tags

Topics of Interest: Business & FinanceDealsTech

Type: Reuters Best

Sectors: Equities

Regions: EuropeNorth America

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Major Global Story

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