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Close on the heels of reports that Wipro and Copal Partners were seeking to buyout the Indian operations of Lehman Brothers BPO arm, the market is rife with rumours that Satyam Computer could be another suitor for this property owned by the investment bankers who went bust earlier this week.
Published reports claimed that company officials were tight-lipped over the latest round of market rumours which follows some reports that the company could be actually chopping off about 4500 jobs over the next few months.
With Barclays stating that they had agreed to acquire Lehman Brothers' North America-based banking and capital markets operations in an all-cash deal worth about 250 million dollars, there is reason to believe that the embattled company would be all too keen to liquidate its assets in other parts of the world too.
Barclays is also reportedly considering a buyout of Lehman's headquarters and two data centres in the NY-NJ region for a sum in excess of 1.5 billion dollars, media reports have indicated.
Earlier, Business Standard newspaper quoted investment banking sources said Wipro and Copal have been looking at buying opportunities in this space for some time. Though the Lehman BPO unit does not have an anchor client it may help them quickly scale up the business.
Wipro declined to comment and Rishi Khosla, co-founder and chief executive officer of Copal, could not be reached. Copal Partners already has clients in industries such as investment banking, equity research, credit research, and strategy consultancy, the newspaper said.
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