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Apollo Global and Kyndryl Holdings in Joint Bid for DXC Technology at $22-25 per Share

Jun 10, 2024, 08:05 PM

Apollo Global and Kyndryl Holdings are reportedly in discussions for a joint bid to acquire DXC Technology. Sources indicate that the potential bid values DXC Technology at $22-25 per share. Kyndryl Holdings, an information technology services provider spun out of IBM, and Apollo Global, a prominent buyout firm, are exploring this acquisition to expand their market presence. The news was first reported by Reuters. The involved stock tickers are $DXC, $APO, and $KD.