Connect with us


Atos wants to buy DXC for $ 10 billion



Clarifying that this is exclusive information, the source announced the application of the French company Atos to purchase the American competitor DXC Technology.

This week the French firm approached DXC with a formal $ 10 billion friendly takeover bid. Reuters learned about this from two sources who wished to remain anonymous.

DXC confirmed receipt of the offer, noting that it was previously unaware of Atos’s interest. The proposal was described as “provisional and non-binding”. The DXC Board of Directors intends to consider the proposal.

Now is the time to remind you that DXC Technology is an American IT company created in 2017 by combining the assets of Computer Sciences and a specialized division of Hewlett Packard Enterprise. She specializes in information technology services including consulting, outsourcing, maintenance, and systems integration.

Founded in 1997, Atos also specializes in systems integration, IT consulting, business process outsourcing, cloud computing, security and big data management solutions, and server manufacturing. The DXC acquisition is expected to expand Atos’ presence in the US by providing access to a wide range of B2B customers and products, including analytics and cloud applications, and IT outsourcing services. If successful, it will become the largest in the history of the company. Atos’ largest acquisition so far is the $ 3.4 billion acquisition of US IT services provider Syntel in 2018.

For DXC, which has a market value of $ 6.7 billion, it is having a hard time. In 2020, its revenue fell to $ 19.6 billion (in 2019 it was $ 20.75 billion), and its total debt simultaneously increased from $ 7.4 billion to $ 9.9 billion.

On Wednesday, DXC unveiled plans to sell its Fixnetix division, which provides services to investment banks, hedge funds and stock exchanges. Options Technology is named the buyer. The amount of the deal was not disclosed.

Last year, DXC sold its medical technology business to private equity firm Veritas Capital for $ 5 billion.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest News

Phones3 mins ago

The first potential live photo of Xiaomi Mi 11 Pro

Xiaomi is now in full swing preparing for the debut of the flagship model Xiaomi Mi 11 Pro. We have...

News14 mins ago

Taiwanese companies have to slow down chip development

Taiwanese chip development companies, including MediaTek, continue to face limited capabilities for manufacturing partners, especially when it comes to delivering...

Phones24 mins ago

Gmail replacement for Huawei smartphones. This is Petal Mailbox

On January 19, Huawei registered the Petal Mailbox trademark in China. The trademark description mentions “38 types of communication services”....

News36 mins ago

The creators of the Sophia robot are planning its mass introduction in a pandemic

Hong Kong-based Hanson Robotics, which created the humanoid robot Sophia, which was the first robot to obtain citizenship in 2017,...

Phones47 mins ago

Huawei may sell premium brands Huawei P and Mate and only make low-cost phones

After the emergence of information from China that Huawei is in talks to sell the smartphone business, new details have...

Phones55 mins ago

Motorola Ibiza Smartphone Receives Wi-Fi Alliance Certification

A new smartphone from Motorola, codenamed Ibiza, which was first mentioned earlier this year, has been certified by the WECA...

News1 hour ago

Chinese users started installing ICQ en masse

Last year, Group revived the once very popular ICQ messenger. And now the company has announced an unprecedented increase...

Software1 hour ago

An image of a brand new Windows 10X is available for installation long before the release

Last week, enthusiast developer ADeltaXForce posted a video showing the all-new modular Windows 10X operating system fully running on an...