FILE PHOTO: Figurines with computers and smartphones are seen in front of DXC logo in this illustration taken, February 19, 2024. REUTERS/Dado Ruvic/Illustration/File photo
(Reuters) -Buyout firm Apollo Global and Kyndryl Holdings, the information technology services provider that was spun out of IBM, are in talks about a joint bid for DXC Technology, people familiar with the matter said on Monday.
Apollo and Kyndryl have discussed an acquisition offer for DXC of between $22 and $25 per share, one of the sources said. DXC shares jumped on the news and ended trading in New York on Monday up 11% at $18.45, giving the company a market value of $3.3 billion.
