French tech giant Atos’s top shareholder drops rescue offer

Paris: A consortium led by the top shareholder of troubled French tech giant Atos, an IT partner for the Paris Olympics and French military, has withdrawn a rescue offer for the group, the companies said on Wednesday.

Atos, which runs supercomputers for France’s nuclear deterrent and is also an IT provider for the Euro 2024 football tournament, is buried under almost five billion euros ($5 billion) of debt.