Business

French tech group Atos picks Onepoint's rescue bid

Struggling French tech group Atos, an Olympics partner and key French defense contractor, said Tuesday it had chosen a financial rescue offer by a consortium led by its top shareholder Onepoint.

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Consortium

A consortium is an association of two or more individuals, companies, organizations or governments (or any combination of these entities) with the objective of participating in a common activity or pooling their resources for achieving a common goal.

Consortium is a Latin word, meaning 'partnership, association or society' and derives from consors 'partner', itself from con- 'together' and sors 'fate', meaning owner of means or comrade.

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