DXC Technology has revealed that its talks with an unnamed suitor about a possible takeover of the company have concluded without any deal materialising. DXC issued a formal statement yesterday indicating that, financial challenges and the current market conditions had meant that no formal proposal was received and discussions have now been terminated. DXC also stated that it does not intend to comment further on the matter.

DXC had been in discussions about a possible takeover since the latter half of 2022. The company confirmed the talks following widespread market rumours relating to an approach from a third-party.

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