Tata Consultancy Services negotiated with Dell to buy its information technology management business Perot Systems, but a disagreement over price resulted in the talks falling through, two people directly aware of the discussions said.
N Chandrasekaran, the CEO of India's largest software company, and TCS global head of merger and acquisitions Debasis Poddar, were involved in the talks that took place at least a week ago, according to the sources.
"TCS was in the bidding. Poddar and Chandra were both involved, but the price was an issue," said one of the people mentioned above. He requested anonymity since the discussions were confidential.
TCS declined to comment. Dell did not immediately reply to an email seeking its view.
On Friday, Reuters reported that Dell was in talks with Cognizant, NTT Data and Atos to sell Perot Systems as part of a plan to lessen debt after agreeing to buy EMC Corp for $66 billion. It said Dell was hoping for at least $5 billion from the Perot sale.
