The Indian government has approved a request from the new board of Satyam that the company be sold to the highest bidder, the Wall Street Journal is reporting.  Satyam’s board has already received several bids from suitors interested in purchasing the beleaguered outsourcing company, including Tech Mahindra Ltd, B.K. Modi’s Spice group, the Hinduja Group, and Larsen and Toubro Ltd., which according to the WSJ already has 12% ownership in the company. This ownership doesn’t afford Larsen and Toubro any distinct advantage in purchasing Satyam, though, since all bidders must start on level ground, according to the law.