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Will Airbus offer €1.8bn to Atos?

Airbus is working on an offer worth up to €1.8bn for Atos’s prized big data and cyber security unit, as the French IT services company seeks to restructure and cut its debt load. Atos announced on Wednesday that it had opened a due diligence process with the aerospace and defence company, confirming earlier reports from the Financial Times.

Is Atos facing a wall of debt?

Atos SE, the legacy IT company once seen as the rising star of France’s tech industry, is facing a wall of debt — and it’s running out of options for bringing it down. On Tuesday, Airbus SE walked away from talks to buy Atos’s big data and cybersecurity business.

What happened to Atos shares after a €1.8bn deal?

The end of the discussions on a deal potentially worth up to €1.8bn sent Atos shares falling by as much as 25 per cent on Tuesday morning before trading was briefly suspended. Atos’s shares have lost over 90 per cent of their value in the past three years, taking the company’s market value to €188mn.

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