Satyam: Deal or no deal? Still a lot of questions …
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IBM eyes stake in India’s Satyam (FT.com) An executive close to the Hyderabad-based IT company confirmed that discussions had been held with Ramalinga Raju, the chairman and founder, who directly or through associates controls about 14 per cent of Satyam. (tags: India Aquisitions)
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Outsourcer Satyam Posts Strong Third Quarter, Denies Takeover Talks - News by InformationWeek Satyam also said Friday that it is not entertaining any takeover offers. “We firmly believe that enhancement in shareholder value is best when we continue to pursue the already successful global delivery model we specialize in. Satyam, therefore, shall not indulge in any such pursuits of being acquired,” said Satyam founder and chairman B. Ramalinga Raju, in a statement. (tags: India Aquisitions)
… and the rumors still persist.
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