DXC gains after Reuters reports $2.4 billion unit sale talks with Eldridge

DXC Technology

Mon 18:15

** IT services firm DXC Technology's DXC.N shares rise 6.9% to $14.56 in afternoon trading
** Co in advanced talks to sell its insurance software and services division to Eldridge Industries for ~$2.4 billion — Reuters exclusively reports, citing people familiar with the matter
** Eldridge is discussing combining the business with Zinnia, its insurance technology platform, sources said
** DXC Technology, Eldridge and Zinnia did not immediately respond to requests for comment
** Up to last close, DXC has fallen 7% YTD

 (Reporting by Anhata Rooprai in Bengaluru)
 ((Anhata.Rooprai@thomsonreuters.com))