Atos SE (ENXTPA:ATO) has made a more than $10 billion takeover approach for DXC Technology Company (NYSE:DXC) in what would be the deal-hungry IT consulting group's biggest acquisition, two sources with knowledge of the matter said. Atos, which is working with advisers on a bid for the former Hewlett Packard Enterprise business, made a formal approach to New York-listed DXC this week, the sources told Reuters on condition of anonymity. Atos and DXC did not respond to requests for comment.

A tie-up with DXC would boost Atos' presence in the United States, giving it access to a wide range of clients and B2B products including analytics and cloud applications as well as IT outsourcing services. Discussions are still at a preliminary stage and there is no certainty that a deal will be agreed, the sources added. If successful, a deal with DXC would also lead to synergies and cost savings for Atos, which has been on an acquisition spree in recent years, the sources said.