All Things Related to Enterprise Architecture

Enterprise Architecture

Subscribe to Enterprise Architecture: eMailAlertsEmail Alerts newslettersWeekly Newsletters
Get Enterprise Architecture: homepageHomepage mobileMobile rssRSS facebookFacebook twitterTwitter linkedinLinkedIn

Enterprise Architect Authors: Dana Gardner, Jason Bloomberg, Bob Gourley, Plutora Blog, Adrian Grigoriu

Related Topics: CEOs in Technology, Enterprise Architecture, SOA & WOA Magazine


Satyam Seeks to Wring Maximum Price from Its Sale

It was supposed to be a sealed bid auction, winner take all

Satyam, the corrupt Indian outsourcer whose founder lied about its revenues for years, has changed the rules of the redemptive sale of a majority 51% stake in the company.

It was supposed to be a sealed bid auction, winner take all.

Now it says - evidently trying to wring every dime out of it - that if anyone comes within 90% of the highest bid, they'll have a runoff auction with the highest bid being the floor.

At least one company has dropped out, complaining that the due diligence materials Satyam supplied to those who were interested weren't very transparent. The books haven't been restated yet and Satyam's liabilities could be substantial.

Its market cap was $606 million when the market closed in New York Thursday, down from $7 billion last May.

It's still unclear whether IBM is involved. U.S. private equity house WL Ross may be interested.

Satyam is hoping to identify its new owner by next week. Its previous deadline was April 30.

More Stories By Maureen O'Gara

Maureen O'Gara the most read technology reporter for the past 20 years, is the Cloud Computing and Virtualization News Desk editor of SYS-CON Media. She is the publisher of famous "Billygrams" and the editor-in-chief of "Client/Server News" for more than a decade. One of the most respected technology reporters in the business, Maureen can be reached by email at maureen(at) or paperboy(at), and by phone at 516 759-7025. Twitter: @MaureenOGara

Comments (0)

Share your thoughts on this story.

Add your comment
You must be signed in to add a comment. Sign-in | Register

In accordance with our Comment Policy, we encourage comments that are on topic, relevant and to-the-point. We will remove comments that include profanity, personal attacks, racial slurs, threats of violence, or other inappropriate material that violates our Terms and Conditions, and will block users who make repeated violations. We ask all readers to expect diversity of opinion and to treat one another with dignity and respect.