Satyam buys Motorola’s software unit in Malaysia
November 11, 2008
After US financial crisis several US companies started selling their captive units to Indian companies to clean up their balance sheet. First Citi Groups sold its captive unit in India to TCS. Now it is Motorola’s turn, it decided to sell its software unit in Malaysia to India’s Satyam Computer Services Ltd and the deal should be completed by the end of 2008, subject to regulatory approvals. Satyam will take on 128 Motorola employees as part of the deal, it said a statement to the stock exchanges today.
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