Loudoun’s DXC Technology confirms takeover offer

DXC Technological innovation, one of the premier businesses in the D.C. region, confirms it has received a takeover offer you from an unnamed celebration, and says it is in preliminary conversations and details sharing.

It included that to day, no official give has been been given.

Even though DXC did not determine the supply of the takeover give, Bloomberg Information, citing people familiar with the make a difference, experiences the offer you is from Hong Kong-based financial commitment group Baring Non-public Fairness Asia.

“There are no assurances that any proposal will be obtained or established to be satisfactory by the Board of Directors,” DXC claimed in a assertion. “The enterprise does not intend to remark additional on market rumors or developments except it deems further disclosure to be acceptable or demanded.”

DXC has been both a concentrate on of takeovers, and an acquisition firm alone. Final yr, the business turned down an unsolicited takeover bid by French IT business Atos SE, reportedly valued at $10 billion, calling the provide insufficient.

In 2019, DXC acquired Swiss-dependent technological innovation business Luxoft Keeping Inc. for $2 billion.

DXC Technological know-how, which lately relocated its headquarters from Tysons to Just one Loudoun, was shaped by the merger of Computer Sciences Corp. and Hewlett-Packard’s organization services business enterprise in 2017.

It has 15,000 employees in the D.C. region, and extra than 134,000 worldwide, with $16 billion in yearly revenue.