The rumour is back again. This time, as i read in www, it’s Wipro that is planning a bid for France-headquartered IT giant Capgemini. In June this year, there were rumours of Infosys making a bid for Capgemini.
Wipro is now reportedly looking at a 60 euro-per-share bid for CapGemini, which will value the IT consulting giant at 8 billion euros.However, Reuters reports that Wipro has denied any comment on the acquisition buzz. “We don’t react to market speculation,” Wipro’s spokeswoman told Reuters. The Economic Times quotes Sudip Nandy, chief strategy officer, Wipro, as saying that “it is market speculation.”Reports, however, suggest that Wipro was indeed in discussions with Capgemini for a cash-plus-stock swap deal. The buzz had its effect on CapGemini share prices which rose 3.7 per cent on Friday.
Wipro’s largest acquisition so far was that of Infocrossing for $600 million.In the case of Capgemini, Wipro will have a huge challenge of managing the integration.
The Bangalore-based company has around 77,000 people while CapGemini has over 80,000 of which 17,000 people are in India. The French company plans to employ over 40,000 people by the end of 2010.
Hmm, anything can happen, it's all just matter of money and market value
2 comments:
Nostradamus predicted that Anti-Christ would conquer East first and then slowly conquer West. Anti-Christ already made some acquisitions in East and now he is moving towards West. Ultimately, America will push the Anti-Christ from where he was originally from.
me and my wife have been researching 2012 for about 2 years now and have allready started planning they say by 2010 you will see it in the sky and i think thats about the time we will have everything ready we are looking to start a survival group or if anyone else has one that we can join let me know ill check back later thanks
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