Czech Billionaire Asked to Shell Out More Cash to Buy Atos Unit
- Atos board seeks €500 million more than terms agreed in August
- Paul Saleh named CEO Monday, fifth to hold role in 2.5 years
Photographer: Joel Saget/AFP/Getty Images
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French software firm Atos SE is demanding Czech billionaire Daniel Kretinsky pony up more cash as talks over the terms of his acquisition of Tech Foundations drag on.
Atos wants more than €500 million ($548 million) in excess of what was discussed in the original terms, according to people familiar with the matter, who asked not to be named discussing private information. The company is also discussing whether prerequisite conditions for the sale are still feasible.