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French IT services and consulting company Capgemini said Monday it was buying New Jersey-based IGATE for $4 billion (3.7 billion euros), boosting its US-generated business to 30 percent of its total activity. "IGATE is a leading company that perfectly fits our strategic ambition. It will give us a new status on the American market, and take further our industrialisation journey to offer ever more competitive services to our clients," said Capgemini president Paul Hermelin in a statement. In a conference call with reporters, Hermelin noted that in considering various acquisition options, Capgemini had "above all looked for a company that would allow us to reinforce geographically in the United States" -- something IGATE does by generating nearly 80 percent of its annual $1.3 billion in revenues in North America.
Malaysian badminton star Lee Chong Wei Monday was cleared to resume his career and pursuit of Olympic gold when he received an eight-month, backdated ban for doping. The long-time world number one can return to the court as early as this week after the Badminton World Federation found he "accidentally" ingested a banned substance. Lee, 32, who is eligible to resume competition on May 1, had warned he would retire if he was hit with a ban that would rule him out of next year's Olympics. He was delighted with the outcome of a process which began at last August's world championships, when he tested positive for the anti-inflammatory dexamethasone.