TCS
TCS plans to acquire Postbank Systems from Deutsche Bank
Tata Consultancy Services (TCS) is soon to acquire a 100% share of the PBS or Postbank Systems AG. This system will be acquired from the Deutsche Bank. For many years now, PBS is the internal provider for IT firms, a subsidiary from the Deutsche bank. They catered to the small market of German retails. They […]
Yandex and TCS Group gave up the Takeover of Tinkoff – Online Bank
Russian Internet giant Yandex has been in talks with the TCS group over the 100% acquisition of Tinkoff Bank. TCS Group Holding is the parent company of Tinkoff Bank. The deal was agreed for $.5.48 billion; which translated to about $27.64 per share. This price included a premium of 8% on Tinkoff’s GDR price. Yandex […]