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Infosys says it is not in talks to buy Thomson Reuters' healthcare business
Thursday 13 October 2011
India's second-largest software services exporter, Infosys, said on Thursday it is not in talks to acquire Thomson Reuters' healthcare business.
Denying earlier media reports, Infosys said in an e-mailed statement, “this is to clarify that Infosys is not in discussions for the acquisition of Thomson Reuters’ Healthcare business at present.”
Press Trust of India news agency reported on Wednesday that Infosys was keen to acquire the business, which supplies healthcare data and analysis to companies, government agencies and healthcare professionals. The Bangalore-based firm’s CEO and managing director SD Shibulal said at a press conference: “We are dating ... not yet engaged”. He added: “... we need to understand each other. So, we are definitely ... we have an intention to get engaged.”
Thomson Reuters said in June it was planning to sell the business. India’s Business Standard newspaper reported last month that Infosys was close to buying it for $700 million to $750 million. ■
- SOURCE
- Money Control
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