Atos makes IT tie-up with Bull

French IT group Atos is to buy Bull in a deal worth €620m (£502.2m) to create the biggest Europe-based cloud computing company and a major player in cybersecurity. The companies said the combined company would be second only to Amazon in global cloud computing revenues. Atos has offered €4.90 per share for Bull, or 30 per cent above its average share price in the last three months. The pair expect to deliver €80m of cost savings within two years.