French IT firm Atos, U.S. rival DXC end deal talks


FILE PHOTO: People walk in front of the Atos company's logo in Paris, France, April 12, 2016. REUTERS/Philippe Wojazer/File Photo

(Reuters) - French IT consulting group Atos SE and U.S. rival DXC Technology Co said on Tuesday they have decided to discontinue talks about a potential acquisition.

Reuters reported in January, citing sources, that Atos made a formal approach valuing New-York listed DXC at more than $10 billion including debt, in what would have been the deal-hungry IT consulting group's biggest acquisition to date.

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