Apollo, Kyndryl in offer for DXC Technology

Reports from knowledgeable individuals reveal that investment firm Apollo Global and Kyndryl, the IT solutions provider formerly part of IBM, are currently in discussions regarding a potential joint bid for DXC Technology.

Discussions between Apollo and Kyndryl have revolved around proposing an acquisition price for DXC ranging between US$22 and US$25 per share, as stated by one of the informants.

DXC, a technology services provider, is concurrently progressing with the sale of its insurance software segment for a figure exceeding US$2 billion ($3 billion). Furthermore, the possibility of staying independent under the leadership of Raul Fernandez, newly appointed as CEO in February, is being considered, according to insider information.

Because of the sensitive nature of the topic, the sources have asked to remain anonymous. DXC, which holds a market capitalization of US$3 billion, and Kyndryl have yet to provide public comments in response to queries.

Apollo has chosen not to issue a statement.

About Author

AndyC

Andy Curtis is an award-winning security consultant, researcher and public speaker. He has been working in the computer security industry since the early 1990s, having been employed by state and federal government, leading healthcare and banking providers across three continents. He has given talks about computer security for some of the world’s largest companies, worked with law enforcement agencies on investigations into hacking groups, and is a regular voice on TV and radio explaining IT security threats.

See author's posts