Apollo, Kyndryl in bid for DXC Technology

Buyout firm Apollo Global (APO.N) and Kyndryl Holdings (KD.N), the information technology services provider that was spun out of IBM (IBM.N), are in talks about a joint bid for DXC Technology (DXC.N), 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. DXC

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