TCS does a u-turn, restarts talks to buy Perot IT business from Dell

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Published on 4 Dec 2016 1:09 AM GMT

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BENGALURU/MUMBAI: Tata Consultancy Services, which ended initial talks with Dell for its Perot IT business after a disagreement over price, is back at the table and is locked in a bidding war with rivals such as US-based Cognizant, three people familiar with the negotiations said.

"TCS left when the asking price was too high. But over past two weeks there has been more movement on price from Dell. They still have not agreed on a price," said one of the people with direct knowledge of the talks.

"They (TCS and Perot) are several hundred million dollars apart and there are questions about which contracts will be transferred. This is far from done," said the people with direct knowledge of the talks.

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