Atos CEO steps down, share price drops by 25 percent
Atos' board of directors wants to split the organization in two parts. CEO Rodolphe Belmer has no faith in the plan and unexpectedly resigned. The share price dropped by nearly 25 percent in the past 24 hours.
Atos provides infrastructure, security and software services. In the past year, its ma... Read more
IBM’s Kyndryl spin-off gets board approval, set to launch in November
IBM's board of directors approves a brand new managed infrastructure services division, turning it into Kyndryl, a publicly-traded company that goes live next month.
Kyndryl shares go to IBM investors
Big Blue announced that Kyndryl shares would be distributed to IBM investors after the close... Read more
DXC declines Atos offer worth billions
Atos has announced that it has withdrawn its bid for DXC. The two companies were unable to reach an agreement. Atos came out of nowhere last month with a bid for DXC.
"Further to the statement issued by the company on January 7, 2021, the board of directors of Atos has unanimously determined not... Read more
Atos offers billions for DXC acquisition
The French IT company Atos has approached its US rival DXC Technology with an offer for acquisition. Atos is prepared to pay 10 billion dollars (8.15 billion euros) for DXC, making it its biggest acquisition ever.
Atos told Reuters that it would be a "friendly transaction". With the acquisition,... Read more
DXC Technology buys Luxoft for 2 billion dollars
DXC Technology is going to take over software company Luxoft for about 2 billion dollars, reports ZDNet. The acquisition should accelerate DXC's digital growth and scaling strategy and broaden access to digital talent. Luxoft now has almost 13,000 employees.
According to the deal, $59 is paid for e... Read more