Major players opt out of Citi BPO deal

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Major players opt out of Citi BPO deal

Big players like IBM, Infosys, TCS and Blackstone which were in the race for the BPO arm Citigroup is selling have dropped out of the race. The fight is now between companies like Genpact, First Source, WNS, 3i and a few other private equity investors. Citigroup Global Services was recently put on the block for sale and will fetch around $1.2 billion. The deal is expected to be closed by the weekend.

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