TCS back to negotiating table over Dell's Perot IT business

Tata Consultancy Services is in talks again to buy Dell's Perot IT business, according to media reports.

The Indian IT services major had earlier withdrawn from talks to buy the Perot IT business after failed consensus on price. But according to a report published in The Economic Times, TCS is back on the negotiating table to compete against other rivals like US-based Cognizant for the Dell's Perot IT business.

Dell has put a price tag of $5 billion for its Perot IT business and had purchased it for $3.9 billion in 2009, according to the report. Dell has three companies - TCS, Cognizant and another France-based Atos SE - vying for its Perot business but has till date failed to get the price it is expecting because of a depreciation over the years.

It remains to be seen how far TCS goes in pursuing the Perot deal amid the slowdown in the Indian IT industry as clients cut IT spending or take up software projects in-house.