weareliferuiner

  • Home
  • TECH
    • APP
    • APP REVIEW
    • GADGETS
    • IOS
    • MAC
    • SMARTPHONE
  • COMMUNICATION
  • LIFESTYLE
    • BEAUTY
    • FAMILY
    • FESTIVAL
    • FITNESS
    • FOOD & DRINK
    • HEALTH
  • MONEY
  • Chocolate
  • PRODUCTIVITY
  • NEWS
  • Contact Us !
Reading: CSC-HP Merger Deal Gets Approval From Competition Commission of India
Share
Aa
Aa
weareliferuinerweareliferuiner
Search
  • Home
  • TECH
    • APP
    • APP REVIEW
    • GADGETS
    • IOS
    • MAC
    • SMARTPHONE
  • COMMUNICATION
  • LIFESTYLE
    • BEAUTY
    • FAMILY
    • FESTIVAL
    • FITNESS
    • FOOD & DRINK
    • HEALTH
  • MONEY
  • Chocolate
  • PRODUCTIVITY
  • NEWS
  • Contact Us !
Have an existing account? Sign In
Follow US
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
weareliferuiner > TECH > GADGETS > CSC-HP Merger Deal Gets Approval From Competition Commission of India
GADGETS

CSC-HP Merger Deal Gets Approval From Competition Commission of India

sristy
Last updated: 2016/08/29 at 3:05 AM
By sristy 2 Min Read
Share
SHARE
CSC-HP Merger Deal Gets Approval From Competition Commission of India

Competition Commission has approved the proposed merger of Computer Sciences Corporation (CSC) with Hewlett Packard’s enterprise services segment, a deal that would create one of the world’s leading pure play IT services companies.

Both entities have presence in India. Under the deal,announced in May, CSC would merge with Everett Spinco – a wholly-owned subsidiary of Hewlett Packard Enterprise (HPE) that holds the enterprise service business.

In a tweet, Competition Commission of India (CCI) said it has approved the “demerger of Enterprise Service Business of HPE into Everett Spinco; the latter to become subsidiary of CSC”.

Post the transaction, CSC and Hewlett Packard shareholders would have around 50 per cent stake each in the new entity. While announcing the deal, CSC had said the “strategic combination of the two complementary businesses will create one of the world’s largest pure-play IT services companies, uniquely positioned to lead clients on their digital transformations”.

Separately, CCI has given its nod to Gerdau SA, Sumitomo Corporation and The Japan Steel Works (JSW) to form a joint venture for manufacturing parts made from special steels for the wind power industry.

x

In another tweet, the regulator said it has cleared the “formation of joint venture between Gerdau SA, Sumitomo Corporation and The Japan Steel Works Ltd”. Earlier in January, Gerdau SA said it plans to form the joint venture to serve Brazil’s growing wind power industry.

(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)

Share a screenshot and win Samsung smartphones worth Rs. 90,000 by participating in the #BrowseFaster contest.

Tags: Hewlett Packard Enterprise, HP, PC, Laptop

[“Source-Gadgets”]

TAGGED: approval, Commission, Competition, CSC-HP, Deal, from, gets, India, Merger, of
sristy August 29, 2016
Previous Article PC Shipments in India Declined 2.2 Percent in Q2 2016: IDC
Next Article AMD Promises to Return to High-Performance CPU Market With New ‘Zen’ Architecture

Latest News

How do I begin? Wellness and Fitness for Busy Women: A Guide
LIFESTYLE
Color options and design for the Samsung Galaxy S25 FE 5G mobile device have been teased ahead of launch
SMARTPHONE
The Truth about Protein
LIFESTYLE
A smartphone is a multipurpose device that includes a handheld computer
SMARTPHONE
Getting to know chocolate consumers at their level
Chocolate
Tempering Chocolate Troubleshooting
Chocolate
Easiest Makeup Techniques for Every Occasion
BEAUTY
Eight Situations That Commonly Cause Family Conflict
FAMILY

Removed from reading list

Undo

Lost your password?