EBay Skype to sell stake in Skype for $1.9 billion in cashSeptember 1st, 2009 EBay Skype to sell stake in SkypeSAN JOSE, Calif. — EBay Inc.
Satyam gets regulator's nod to auction 51 percent stakeMarch 6th, 2009 MUMBAI - Hyderabad-based Satyam Computer Services has secured the nod from the India's markets regulator to sell 51-percent majority stake by way of a global auction to put the software bellwether, hit by a $1.43-bilion fraud, back on rails. The Securities and Exchange Board of India (SEB) gave its permission to Satyam to facilitate a global competitive bidding process so as to sell the majority stake to an investor, the company said in a regulatory filing Friday.
Satyam starts bidding process for its saleMarch 9th, 2009 HYDERABAD - Fraud-hit Satyam Computer Services Monday said that it had started the process to sell 51-percent majority stake in the company by way of a global auction after India's market regulator gave it the go-ahead last week to do so. 'Commencing today (Monday), all interested bidders should register their interest in participating in the bidding process,' the company said in a regulatory filing.
Satyam starts procedure to sell 51 percent stakeMarch 12th, 2009 MUMBAI - Satyam Computer Services has begun the procedure of selecting an investor by inviting expressions of interest from bidders. SEBI has recently authorized Satyam to sell up to 51 percent stake.
Tuesday market movers: Texas Instruments, Ceradyne, Quiksilver, Marvell Technology June 9th, 2009 Texas Instruments, Ceradyne are big movers
NEW YORK — Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and Nasdaq Stock Market:
NYSE
Texas Instruments Inc., up $1.25 at $21.02
The chip maker hiked its profit and sales guidance for the quarter ending in June, signalling a rebound for the semiconductor sector. Quiksilver Inc., down 71 cents at $2.91
The outdoor apparel company swung to a second-quarter profit, but a weak outlook and expensive new loan facilities worried analysts.
Tech Mahindra raises Rs.600 crore to fund Satyam acquisitionApril 18th, 2009 IT major Tech Mahindra, which needs to pay Rs.1,756 crore for acquiring 31 percent stake in the troubled IT firm Satyam Computer Services, Saturday said it has raised Rs.600 crore through debt instrument.The government-appointed board of Satyam Monday named Venturbay - a subsidiary of Tech Mahindra - as the winner of the auction to sell a majority stake in the fraud-hit IT giant.Under the share subscription agreement signed by the winning bidder and the board, Tech Mahindra will have to deposit the bid amount in an escrow account by April 21. Tech Mahindra will also make an open offer for another 20 percent stake in Satyam at Rs.58 per share for controlling stake (51 percent).
Mahindra, L&T among contenders for Satyam Computer ServicesMarch 12th, 2009 MUMBAI - Infrastructure major Larsen and Toubro (L&T) and Mahindra and Mahindra's IT arm Tech Mahindra were among the bidders to register interest Thursday in acquiring a 51-percent stake in scam-hit Satyam Computer Services. L&T, which already holds 12 percent in the Hyderabad-based IT major said, in a regulatory statement: 'The company has registered its interest in participating in the bidding process set out by the board of Satyam Computer Services.'
Earlier in the day, Tech Mahindra also registered interest in bidding.
Indian Software Outsourcing Major Satyam Fights To Stay ViableMarch 17th, 2009 Satyam allots 10,511 equity shares under stock option plans
MUMBAI - IT firm Satyam Computers, on Tuesday said in a filing to the Bombay Stock Exchange that it has allotted 10,511 equity shares under its stock option plans. The government appointed Satyam board gave its consent to the allotment of shares on March 13, the filing said.
Sistema Shyam may sell its IT infrastructure to IBMMay 21st, 2009 KOLKATA - Telecom operator Sistema Shyam Teleservices is planning to outsource a portion of its Internet infrastructure to global IT behemoth IBM, and hopes to sew up the deal some time next year, people aware of the development say. Sistema Shyam, a joint venture company between Russia's Sistema and India's Shyam group, plans to outsource 'a portion' of its IT infrastructure, an industry official told IANS requesting anonymity.
Apple hires Intel's top lawyer as its general counselSeptember 15th, 2009 Apple hires Intel's top lawyerCUPERTINO, Calif. — Apple Inc.
Larsen and Toubro to raise stake in SatyamJanuary 26th, 2009 NEW DELHI - Engineering and infrastructure major Larsen and Toubro (L&T) Tuesday said it might further raise its stake in the scam-tainted Satyam Computers. 'Overall, we are only trying to improve our situation,' company chairman A.M.
Satyam board meets to assess biddersMarch 20th, 2009 HYDERABAD - The Satyam board met on Friday to assess the proposals of the bidders for acquiring up to 51% stake in the embattled IT company, and discuss several other issues. The Government-appointed company board has received several expressions of interest, including those from engineering major Larsen and Toubro, B K Modi-led Spice Group, software firm Tech Mahindra and iGate, a company official said after the meeting.
Satyam alerts prospective strategic investors on stake saleMarch 9th, 2009 HYDERABAD - Fraud-hit Satyam Computer Services Monday said it had started the process to sell 51-percent majority stake in the company by way of a global auction after India's market regulator gave it the go-ahead last week to do so. 'Commencing today (Monday), all interested bidders should register their interest in participating in the bidding process,' the company said in a regulatory filing.
Intel to buy development and testing software maker Wind River Systems for $884 millionJune 4th, 2009 Intel to buy Wind River Systems for $884MSANTA CLARA, Calif. — Chip maker Intel plans to buy testing and development software maker Wind River Systems for $884 million.
Yahoo board shrinking to 11 directors with resignation of Maggie Wilderotter at year's endSeptember 25th, 2009 Yahoo director to step down at end of yearSUNNYVALE, Calif. — Yahoo Inc.