Business & FinanceDealsTech
11 January 2021, 4:54 pm. Updated 1 second ago1 minute
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.
The news, which was later confirmed by both companies, sent Atos’ shares down 12% while DXC stock rose 10%.
Topics of Interest: Business & FinanceDealsTech
Type: Reuters Best
Regions: EuropeNorth America
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Major Global Story