This is the best summary I could come up with:

The French government has tabled an offer to buy key assets of ailing IT giant Atos after the company late last week almost doubled its estimate of the cash it will need to stay afloat in the near future.

Atos confirmed on Monday that it has received a non-binding letter of intent from the French state to acquire certain assets from its Big Data & Security (BDS) business.

France’s Minister of Economics and Finance, Bruno Le Maire, said in an interview with news channel LCI that Atos is involved in IT projects for the military and other parts of the state, so the government was keen to ensure these did not fall under the control of foreign-owned entities.

Le Maire told LCI he hoped “the state would not be alone” and that the government’s move would rally other “French sovereign players” to take a stake in the troubled IT giant, saying this could mean companies operating in the fields of defense or aeronautics.

According to the Financial Times, Dassault Aviation, which builds France’s Rafale fighter jets, has previously expressed interest in some Atos assets, while defence electronics group Thales could be another potential participant.

Last week, Atos said its refinancing proposals had been postponed to May 3 to allow stakeholders time to incorporate new information, with July still the final target date to reach an agreement.

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