Computer Sciences Reportedly Eyed Anew

Hewlett-Packard and Blackstone are reportedly studying a deal.
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Computer Sciences

(CSC)

jumped Thursday after a newspaper reported that it might be acquired by

Hewlett-Packard

(HPQ) - Get Report

and Blackstone.

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,

Affiliated Computer

(ACS)

is about to be taken out by a private equity consortium including Blackstone, Bain and Texas Pacific, the

Journal

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.