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Rating:IBM and Infosys Duke it Out Over a Fidelity Unit Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, January 26, 2009

IBM and Infosys Duke it Out Over a Fidelity Unit

by: Armie Margaret Lee

Fidelity could be getting as much as $180 million from the sale of its Indian IT captive unit, India's Economic Times reports. The leading bidders for the business are Infosys Technologies, which offered up to $180 million, and IBM, which offered around $150 million, the pub reports, citing an anonymous source.

Word that the technology unit was on the block first surfaced in mid-December (see The MFWire, 12/15/08). That unit has 2,000 employees and operates out of Bangalore and Chennai.  

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