Cap Gemini Eyeing Ernst & Young Business Unit
Steve McVey - December 8, 1999

Event Summary

Number four of the Big Five consulting giants, Ernst & Young LLP announced that it may sell its consulting business to Cap Gemini SA. Although no details of the proposal have been made public, a spokesman for E&Y said the move was designed to eliminate conflicts of interest between the firm's audit and consulting businesses. At roughly $8.5 billion in revenue, the combined services firm would rival Andersen Consulting in size...