• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Saturday, June 21, 2025
  • Login
  • Register
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home Business

Atos might acquire DXC, bids $10 billion

by Smriti Sharma
January 9, 2021 - Updated On January 10, 2021
in Business
Reading Time: 2 mins read
0
Atos might acquire DXC
TwitterWhatsappLinkedin

Atos might acquire DXC

You might also like

Apple in Early Talks to Acquire Perplexity AI, Its Largest Deal Yet

Eutelsat’s Shares Skyrocket as France Leads €1.35 Billion Investment in Satellite Future

Decade-Old Torrent Site Lands Greek Man in Prison Amid Renewed Piracy Crackdown

As the year starts, some organizations are riled up to make big moves and one such is the French-based IT Company Atos. Atos might acquire DXC as it verifies the rumor about bidding $10 billion for DXC Technology.

DXC is a B2B IT service corporation founded in 2017 in the US. It was founded when HP (Hewlett Packard Enterprise) merged with CSC (Computer Science Corporation). It is currently valued at $6.7 billion. The company operates across 70 countries and has 6,000 customers.

Atos is a French-based multinational IT consulting and service company. It specializes in big data, unified communication, hi-tech transaction services, cloud, and cybersecurity. It acquired KPMG consulting in the year 2002, Siemens IT Solutions and Services in 2011. The company currently operates in more than 75 countries and can generate a revenue of €12 billion.

Reuters reported earlier this week that the two companies are in talks and on 7th January, Atos confirmed that it has initiated talks with DXC over a friendly acquisition matter. The objective of this acquisition is to create digital services leader that can benefit from innovation and talent on a global scale.

Atos also stated that the talks were in a very early stage ad there is no certainty if the discussion will end in an agreement or not. DXC has also confirmed that it has received the preliminary non-binding proposal and is going over the matters.

This acquisition is directly going to positively affect both Atos and DXC as the joint venture would then be able to add nearly 140,000 employees. It already has a headcount of 110,000 and the addition of the new members will bring the total to 250,000 staff globally. This way, the joint venture will close the gap between the total numbers of employees in Capgemini that is 270,000 staff on its payroll.

Atos’s ultimate goal is to build its growth strategy to take the position of the leading player in the IT services market. In the last twelve months, Atos Acquired two Salesforce players in France and the US and Motiv ICT Security in the Netherlands.

Atos might acquire DXC and if it happens, DXC will be its largest acquisition. The shareholders of Atos are not impressed as after this revelation, the stock price dropped for Atos while DXC’s stock prices soared. DXC is also reported to be in talks with Dell technologies. The company has the intent to buy its security service provider Secure works.

Tweet54SendShare15
Previous Post

SBI bags $600M funds through international bonds at 1.8%

Next Post

Moto G 5G launched in the US as Motorola One 5G Ace

Smriti Sharma

Recommended For You

Apple in Early Talks to Acquire Perplexity AI, Its Largest Deal Yet

by Thomas Babychan
June 21, 2025
0
Apple in Early Talks to Acquire Perplexity AI, Its Largest Deal Yet

In recent weeks, Apple has been engaged in private discussions about a potential acquisition of the AI search startup Perplexity, according to sources familiar with the matter. These...

Read more

Eutelsat’s Shares Skyrocket as France Leads €1.35 Billion Investment in Satellite Future

by Harikrishnan A
June 21, 2025
0
Eutelsat’s Shares Skyrocket as France Leads €1.35 Billion Investment in Satellite Future

Eutelsat, the European satellite company, made headlines this week as its stock surged an impressive 31% on Friday. The rally came right after the company announced it had...

Read more

Decade-Old Torrent Site Lands Greek Man in Prison Amid Renewed Piracy Crackdown

by Harikrishnan A
June 21, 2025
0
Decade-Old Torrent Site Lands Greek Man in Prison Amid Renewed Piracy Crackdown

In a courtroom in Piraeus, Greece, silence quickly turned to shock when three police officers stepped forward, handcuffed a 59-year-old man, and led him away. Moments earlier, the...

Read more
Next Post
Motorola One 5G Ace

Moto G 5G launched in the US as Motorola One 5G Ace

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook flipkart funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?