France begins work on "a national solution" to protect IT giant Atos, which manages nuclear data and cybersecurity, after Airbus talks failed; https://t.co/GfJikSLUL7 drops 20%+ (@lizalderman / New York Times) https://t.co/IppifDvgCR https://t.co/8mfDgydt1w
France to shield Atos cybersecurity assets after Airbus abandons deal https://t.co/ZkELKqidoW https://t.co/zMAIVFbEJ8
Airbus Calls Off Planned Acquisition of Atos Cybersecurity Group: https://t.co/28mV7btTBn by darkreading #infosec #cybersecurity #technology #news
Airbus has terminated discussions with Atos regarding the acquisition of its BDS cybersecurity unit, a deal that was valued at approximately €1.8 billion. This decision has led to a significant drop in Atos shares, with reports indicating a 20%+ decrease, and has raised concerns over the company's financial stability, potentially pushing it towards debt restructuring. In response to the collapsed deal, France's finance ministry has announced plans to find a national solution to safeguard Atos's strategic activities, particularly its big data and cybersecurity business, which includes managing sensitive nuclear data. The French government has begun work on this initiative, highlighting the importance of Atos's operations to national security.