Cerebral Shangrila

Friday, October 28, 2005

Will CSC be bought over ?

Before I came down to Singapore for an MBA, I used to work for CSC (Computer Sciences Corp), an IT services giant . Was surprised to read news reports that CSC might be a target for buyout by private equity firms.

The Wall street Journal first reported this news on Wednesday. Reuters adds :

Defense company Lockheed Martin Corp is part of a consortium angling to purchase Computer Sciences Corp, the Wall Street Journal reported Wednesday, citing people familiar with the matter.

Lockheed is working with a group of private-equity firms, including Warburg Pincus, Blackstone Group and Texas Pacific Group, these people said, on a plan to split CSC, which has a market capitalization of $9 billion. Their buyout plans remain in the early stages, the paper reported, citing the unnamed sources.Structuring a deal between Lockheed and the private-equity firms won't come easy, in part because the most valuable part of CSC resides in its years-long military contracts, the paper said.

The Big three IT services giants (IBM,EDS,CSC) dominate the Outsourcing business with considerable presence across the globe.


  • Hmmmm....will i be fired at such a tender age????? LOL.....

    By Blogger BeehaG, at 10:36 PM  

  • Even if it happens, nothing changes at the ground level.

    By Blogger Cogito, at 9:23 AM  

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