Kyndryl Holdings and Apollo Global are considering a joint bid for DXC Technology, a leading IT services provider that has attracted attention in the business world. Insiders say that the potential acquisition price for DXC could fall between $22 and $25 per share.
In addition to this development, DXC is also exploring the sale of 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 also the possibility that DXC might choose to remain independent under the leadership of Raul Fernandez, who assumed the role of CEO in February.
According to 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.
