Capgemini to buy IT firm WNS for $3.3 billion to expand AI operations, expects boost in earnings per share

French MNC Capgemini SE is set to acquire IT outsourcing company WNS Holdings for $3.3 billion, in a bid to expand its artificial intelligence (AI) operations, as per a Bloomberg report on July 7.

It added that Capgemini beat out rivals at the bid, buying out the smaller US-listed firm for $76.50 per share, a premium of about 28 per cent to WNS’s average price over the past 90 days. This is also a 17 per cent premium compared to their last closing price on July 3 and does not include WNS’s financial debt, another Reuters report added, citing the company release.