French state makes offer to buy part of Atos’ former advanced computing unit

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The French state has made a 410 million euros ($466.33 million)confirmatory offer to buy part of the former advanced computing business of tech company Atos, said Atos on Monday.

Once seen as a European tech champion, with a market value of more than 10 billion euros at its highest, Atos emerged from financial troubles in 2024 thanks to a restructuring agreement with its creditors.

Atos said the French state’s offer for its former Advanced Computing business was worth 410 million euros on an enterprise value basis.

It added that its Vision AI businesses…



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French state makes offer to buy part of Atos’ former advanced computing unit


The French state has made a 410 million euros ($466.33 million)confirmatory offer to buy part of the former advanced computing business of tech company Atos, said Atos on Monday.

Once seen as a European tech champion, with a market value of more than 10 billion euros at its highest, Atos emerged from financial troubles in 2024 thanks to a restructuring agreement with its creditors.

Atos said the French state’s offer for its former Advanced Computing business was worth 410 million euros on an enterprise value basis.

It added that its Vision AI businesses…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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