Apollo Global (APO) and Kyndryl Holdings (KD) are in talks about a joint bid for DXC Technology (DXC) and have discussed an acquisition offer of between $22 and $25 per share, Greg Roumeliotis and Milana Vinn of Reuters report, citing people familiar with the matter. DXC is separately running a process to sell its insurance software business for more than $2B, and may opt to remain an independent company under Raul Fernandez, who was appointed chief executive in February, the sources added. Shares of DXC Technology rose 11% to $18.45 following the report.
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