Tue. Jun 25th, 2024
Apollo Global and Kyndryl Holdings explore potential joint acquisition of DXC Technology with collaboration from Investing.com

There are reports that Apollo Global and Kyndryl Holdings are in discussions to make a joint bid for DXC Technology, a leading IT services provider. Insiders have speculated that the potential acquisition price for DXC could be between $22 and $25 per share. In addition to this development, DXC is also considering selling its insurance software division, with expectations that it could fetch over $2 billion in the process.

Despite these talks of acquisition and divestiture, there is still a possibility that DXC might choose to remain independent under the leadership of Raul Fernandez, who took on the role of CEO in February. The sources wish to remain anonymous due to the secrecy surrounding the matter. According to the sources, DXC’s current market value stands at $3 billion. When approached for comments, DXC and Kyndryl did not respond immediately, while Apollo decided not to provide any comments on the situation.

By Aiden Nguyen

As a content writer at newscholarly.com, I delve into the realms of storytelling with the power of words. With a knack for research and a passion for crafting compelling narratives, I strive to bring forth engaging and informative articles for our readers. From decoding complex concepts to unraveling current events, I aim to captivate and educate through the art of writing. Join me on this journey as we explore the ever-evolving landscape of news and knowledge together.

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