Tech major scouts for acquisitions

Satyam Computer on Thursday said that it has accelerated the hunt for prospective companies that it could acquire globally even if the cost runs into billions of dollars. Sensing opportunities arising out of the financial crisis triggered by fall of major banks and mortgage giants in the US, B Ramalinga Raju said that it is possible to raise $4-5 billion as war-chest for acquisitions that strategically fit India's fourth largest IT entity. Raju said that the company had a billion-dollar cash surplus and funds were not any issue when any potential acquisition opportunities came around. "The acquisition could be even in billions of dollars". Asked if its next bid could be a billion-dollar deal, Raju said, "That is a possibility"