Xerox Holdings Corp is considering making a cash-and-stock offer for personal computer maker HP Inc at a premium to its market value of $27 billion, the Wall Street Journal reported on Tuesday.

Xerox’s board discussed the possibility on Tuesday, the newspaper said here, citing people familiar with the matter.

There is no guarantee that Xerox will follow through with an offer or that one would succeed, it added.

Xerox and HP did not immediately respond to Reuters’ requests for comment.