Teleperformance Offers to Buy Majorel for $3.3 billion
- Bertelsmann and Saham have agreed to tender their 79% stake
- Combined businesses will have annual revenue of $12 billion
This article is for subscribers only.
Teleperformance offered to buy Luxembourg-based customer service company Majorel Group Luxemborg SA for €3 billion ($3.3 billion) in cash and shares.
The Paris-based company, which provides content moderation and customer service to tech giants including TikTok and Amazon.com Inc., agreed to pay €30 per share for its smaller competitor, it said in a statement on Wednesday. That’s a 43% premium to Majorel’s previous closing price.