Satyam Consulting Sold to Tech Mahindra

According to a Time Magazine article, Satyam, the Scandalized Indian outsourcing and consulting company, was sold to a smaller rival called Tech Mahindra.  Satyam almost collapsed when it was found that its founder had cooked the books.  He overstated the company's revenues and profits and reported a cash holding of approximately $1.04 billion that simply did not exist.