Atos, an IT company, experienced a significant drop in its stock value after Airbus opted out of negotiations regarding the acquisition of Atos’ cybersecurity division. Initially proposed in January, Atos had intended to sell its Big Data and Security (BDS) unit to Airbus, aiming to alleviate debts. However, Atos disclosed on Tuesday that discussions with Airbus regarding the sale of the cybersecurity unit had ceased.
Following the announcement, Atos shares plummeted by over 21%, signaling investors’ negative response to the failed negotiations with Airbus. Atos is now assessing the situation and exploring alternative strategic options while considering the interests of the French state. Consequently, the company has postponed its 2023 earnings release to focus on evaluating these strategic alternatives.
This setback with Airbus marks the second failed deal for Atos in recent weeks, as they previously abandoned efforts to sell their legacy managed infrastructure services business in late February due to a lack of agreement with a potential buyer.
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