Ron Burgundy Posted March 17, 2016 Share Posted March 17, 2016 Blackstone Group LP is nearing a deal to acquire HP Inc's controlling stake worth about $940 million in Indian IT outsourcing services provider MphasiS Ltd , according to three sources directly involved in the deal. HP owns roughly 60.5 percent stake in MphasiS, and the U.S.-based parent had been looking to exit from the Indian venture to shore up its capital, as it struggles with weak demand for PCs and printers. Bids for buying the MphasiS stake were submitted earlier this month and the U.S. private equity firm has emerged as the front-runner for taking majority ownership of the mid-sized Indian IT services exporter, the sources said. View the full article Quote Link to comment Share on other sites More sharing options...
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