Processing .....please wait.. 
The article has been forwarded.... 
News >> Technology >>
IBM eyes stake in Satyam Computer Systems
By agencies
|
Tuesday, 17 January 2006, 20:30 IST
MUMBAI: International Business Machines (IBM), the global technology company, has held talks to acquire a stake in Satyam Computer Services.
Conforming the reports, a top official of the Hyderabad-based IT company said that discussions had been held with Ramalinga Raju, the Chairman and founder, who directly or through associates controls about 14 percent of Satyam.
IBM has been looking to expand in India, where it employs 30,000 people in research and development, sales and a call center unit in Delhi formerly known as Daksh e-services, which it acquired for $160 million in 2004.