IBM retains interest in Satyam

The government-appointed board of Satyam Computer Services has shortlisted about eight bidders, including International Business Machines Inc and private equity firm Apax Partners, for buying the fraud-hit company. IBM has registered its interest through a law firm, according to a report in the Economic Times said on Thursday.

The shortlisted bidders will carry out their 'due diligence' exercises over the next two days, the report said, quoting unnamed sources. Satyam has not commented on the matter officially.

The Spice Group, considered one of the important bidders, said on Wednesday that it may opt out of the process due to lack of transparency. (See: After iGate, Spice Group may pull out of Satyam bidding   and B K Modi can challenge Satyam bid, says legal expert)