Chris Hughes, Columnist

Europe's Biggest Tech Bid Should Get Bigger

Atos can easily afford to pay more for Gemalto.

December 12, 2017 at 11:41 AM UTC

Chris Hughes is a Bloomberg Opinion columnist covering deals. Previously, he worked for Reuters Breakingviews, the Financial Times and the Independent newspaper.

Inside Headquarters Of French Computer-services Provider Atos Ahead Of Worldline Payment Unit IPO — Photographer: Arnaud Fevrier/Bloomberg

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There's naked opportunism, and then there's Atos SE's 4.3 billion-euro ($5.1 billion) bid for security software firm Gemalto NV.

The target's defenses may be weak, but Atos can probably afford to offer more -- and Gemalto should fight for a higher bid.