Atos Gets €700 Million Bid from France for Strategic Unit (1)

The French government has offered to buy some of Atos SE’s operations in its big data and security unit for an enterprise value of €700 million ($751 million) as part of discussions to restructure the embattled IT company.

The non-binding bid, part of talks previously disclosed in April, is for the company’s supercomputers, “mission-critical” systems and cybersecurity activities in the Atos unit known as BDS, the company said in a statement on Friday. No final deal has been reached and discussions are continuing.

“With other companies that can be partners, we’ve taken responsibility to buy Atos’s strategic activities and ...