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Cap Gemini to buy Ernst & Young's consulting business for $11B

Published on .

Paris--In one of the biggest deals in consulting history, Cap Gemini SA is to buy Ernst & Young L.L.P.'s consulting business for $11 billion in cash and stock. The deal means New York-based Ernst & Young will become an auditing-only firm. Cap Gemini SA, until now a primarily European computer services company, is to become a U.S. consulting powerhouse overnight.
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