IBM not bidding for Satyam: source

  @ibtimes on March 26 2009 9:48 AM

IBM is not bidding for Satyam Computer Services, a source with knowledge of the matter said on Thursday.

India's Economic Times had earlier reported that International Business Machines Corp -- along with others including private equity firm Apax Partners -- was among the bidders for the fraud-hit outsourcing company.

A spokesman for IBM declined to comment. A spokeswoman for Satyam earlier declined to comment.

(Reporting by Ritsuko Ando, editing by Gerald E. McCormick)

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