Exclusive: Potential Apollo-Kyndryl Bid for DXC Technology; Insights into Divestiture Plans

Apollo Global and Kyndryl Holdings explore potential joint acquisition of DXC Technology with collaboration from Investing.com

Apollo Global and Kyndryl Holdings are reportedly considering a joint bid for DXC Technology, a leading IT services provider. Sources close to the matter disclosed that the potential acquisition price for DXC could fall between $22 and $25 per share. Meanwhile, DXC is exploring the sale of its insurance software division, which is expected to fetch over $2 billion in the process. Despite these talks of acquisition and divestiture, it’s possible that DXC might choose to remain independent under the leadership of Raul Fernandez, who took on the role of CEO in February.

According to sources familiar with the matter, 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. It remains unclear whether this potential deal will go through or if DXC will choose to pursue other options.

Leave a Reply