March 10 (Bloomberg) -- Hewlett-Packard Co. and Computer Sciences Corp. are assessing the possibility of acquiring a majority stake in Satyam Computer Services Ltd., India’s Economic Times reported today, without saying where it obtained the information.
Hewlett-Packard doesn’t comment on rumor or speculation, Christina Schneider, a spokeswoman for the Palo Alto, California- based computer maker, said by e-mail. Janet Herin, a spokeswoman at software-services provider Computer Sciences, and Michael Dickerson, a company spokesman, weren’t immediately available for comment after working hours.
Satyam became the subject of India’s biggest corporate fraud inquiry after founder Ramalinga Raju said Jan. 7 that he inflated assets by more than $1 billion. The Hyderabad, India-based computer-services provider yesterday invited bidders keen on buying a majority stake in the company to submit their interest by March 12.
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