$8 billion deal said to be in works for tech company

Iria · Dec 23, 2005, 09:23 PM

A consortium of investment firms is in talks to acquire Affiliated Computer Services, a technology outsourcing company with clients that include General Electric and McDonald's, for about $8 billion, people briefed on the negotiations said.

The group is led by the Texas Pacific Group and includes Bain Capital and the Blackstone Group, these people said. Silver Lake Partners had been part of the group, these people said, but recently dropped out.

A deal could be reached as early as next week, these people added, though they cautioned that several points had yet to be resolved and it was possible that the negotiations could drag on or collapse entirely.
____________
Read More / Source: News.com

Dec 23, 2005, 09:23 PM	#1
Iria DriverHeaven Extreme Member Join Date: Apr 2004 Posts: 7,275 Rep Power: 89	$8 billion deal said to be in works for tech company A consortium of investment firms is in talks to acquire Affiliated Computer Services, a technology outsourcing company with clients that include General Electric and McDonald's, for about $8 billion, people briefed on the negotiations said. The group is led by the Texas Pacific Group and includes Bain Capital and the Blackstone Group, these people said. Silver Lake Partners had been part of the group, these people said, but recently dropped out. A deal could be reached as early as next week, these people added, though they cautioned that several points had yet to be resolved and it was possible that the negotiations could drag on or collapse entirely. ____________ Read More / Source: News.com