Satyam could bring all of its potential buyers together
electronically using video conferencing to ensure the most visible
process possible as the troubled firm looks for a buyer.
The company and its suitors could meet via web conferencing
technology to ensure that all parties can be involved in
negotiations.
"This is basically an interactive video conferencing style
format that shows visibility to all (including staff and customers)
of the bids that the companies are putting in for the company,"
said a Satyam spokesman.
The company said no official decision has been made as to
whether it will use the e-auction model.
The company has been at the
centre of controversy since its former chairman B Ramalinga
Raju admitted that he had fiddled the company's books for several
years.
According to reports in India there are up to eightcompanies
interested in buying Satyam.