Atos Confirms Reported $10B Offer For DXC Technology – CRN

Atos Confirms Reported $10B Offer For DXC Technology – CRN

French solutions provider Atos confirmed it’s made an offer to buy Tysons, Va.-based DXC Technology for a reported $10 billion as part of an acquisition spree that’s included 12 companies in the last approximately year.

“Following recent market rumors about a potential transaction involving Atos, the company confirms that it has approached DXC Technology concerning a potential friendly transaction between the two groups in order to create a digital services leader benefiting from global scale, talent and innovation,” the Bezons, France-based Atos said in a statement. “In assessing this opportunity, Atos will apply the financial discipline which it has always followed in its acquisition strategy.”

Atos would not confirm its offer was valued at $10 billion, as first reported by Reuters.

The DXC acquisition would increase Atos’ presence in the United States, where it generated close to 30 percent of its 11.59 billion euros or $13.72 billion in revenue in fiscal year 2019.

Atos, No. 25 on CRN’s 2020 Solution Provider 500 list, cautioned there is no certainty that its offer will result in an agreement or transaction and that a further announcement will be made “when appropriate.”

DXC confirmed that it received an “unsolicited, preliminary and non-binding proposal from Atos SE Wednesday night to acquire all DXC Technology shares.”

“The DXC Technology board of directors, consistent with its fiduciary responsibilities, will be evaluating the proposal,” DXC said in a statement. “Prior to receiving this proposal Wednesday night, DXC Technology had no knowledge of
Source…

Tech Innovation Science

Next Post

Poor software quality cost businesses $2 trillion last year and put security at risk - CIO Dive

Thu Jan 7 , 2021
Poor software quality cost businesses $2 trillion last year and put security at risk - CIO Dive