IBM May Buy Stake in Satyam

FT: IBM is in talks to take a stake in Satyam Computer Services, India’s fourth largest software services company, reports FT.
The discussions have been held with Ramalinga Raju, the chairman and founder, who directly or through associates controls about 14 per cent of Satyam. The Indian company, majority owned by foreign investors, has seen its valuation soar as more western companies outsource to India.

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