The share price keeps crashing and it is now an extremely cheap buy. At price of less than $4B (+ 1.2B in debit) with over $19B in annual revenue and a large pool of talent getting hold of 1000's of hosting and Cloud contracts makes this an ideal acquisition target for a major cloud provider.
My money is on Microsoft but I think Google and AWS will have their eyes on this as well.
Answered: Francisco Partners
https://www.franciscopartners.com/
I will acquire Kyndryl and run operations from by basement!
Yup private equity with MASSIVE restructure (ie layoffs). IBM dumped it for a reason. IBM remainder lame too. IBM will have to jettison more than Kyndryl to survive. Gosh, where is Lou when you need him?
Benadryl will get scooped up by some low cost Indian firm. Sounds like a hot bed of innovation and a great place to work!
Should read up on catching falling knives and dead cat bounces at this point.
Sadly, all outcomes result in large headcount reductions to have it make sense.
Writing is on the wall. Short term brand marketing approach failed - stock price dropping fast. Market is focused on revenue growth and profit - not EBITDA and promise of potential growth in 4 years. Anyone with a different point of view?
My guess is Wipro, Tata or one of those co's. Good fit for them and will include a lot of customers they would have gotten eventually as they left IBM GTS for cheaper fees.
No chance MSFT, Google or AWS buys KD. Would have happened already for $10B if it made sense to any of them. Private Equity more likely with massive restructure. Minimum upside now that the price has dropped so far. Sucks.