jumped Thursday after a newspaper reported that it might be acquired by
The tech outsourcing company, which was unsuccessfully targeted in the fall by a consortium of private equity firms that also included Blackstone, had previously sought a price of $12 billion, or $65 a share.
The Wall Street Journal
reported Thursday that Hewlett-Packard and Blackstone's plans are still being formulated.
The deal could still fall apart over price and structure, the report said. Shares of Computer Sciences rose $3.93, or 7.7%, to $54.75 on Instinet.
Elsewhere in the IT services space,
is about to be taken out by a private equity consortium including Blackstone, Bain and Texas Pacific, the
reported Thursday. The price is around $8 billion.
Shares of Affiliated Computer jumped from the mid-$50s to a Wednesday close of $61.13 after reports of a buyout surfaced in December.