DXC Technology Talks With Advisors Following Takeover Interest

© Reuters.

By Sam Boughedda

According to a report from Bloomberg Wednesday, DXC Technology Co (NYSE:), an information-technology services provider, is working with advisors following takeover interest.

Citing people familiar with the matter, the report states that DXC has received an approach from at least one private equity firm, although it is unclear whether the company is open to a sale.

DXC shares are up more than 6% at around $28.72 following the news, after initially hitting a high of $29.50 per share.

Despite the broader decline in mergers and acquisitions this year, technology dealmaking has been steady, partly driven by private equity firms that are big fans of the sector.

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