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Cap Gemini in talks to purchase E & Y's consulting unit for $4.8 billion

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Paris--Cap Gemini SA, Europe's largest computer services company, is in talks to buy New York-based Ernst & Young L.L.P.'s consulting unit for $4.8 billion, according to Sunday Business, a London newspaper. The potential acquisition is important because Cap Gemini could use Ernst & Young's vast e-commerce consulting network to transform itself overnight into an Internet consulting powerhouse both in the U.S. and Europe.
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