We use cookies to provide you with a better experience. If you continue to use this site, we'll assume you're happy with this. Alternatively, click here to find out how to manage these cookies

hide cookie message
80,259 News Articles

Nortel cited in Avaya acquisition rumour

WSJ says Avaya is target for buyout

Avaya may become the next major technology firm purchased by private equity, according to a report today.

The Basking Ridge, New Jersey telecommunications gear maker's relatively high cash flow and low debt have made it a target of private equity firm Silver Lake and rival networking company Nortel Networks, the Wall Street Journal said, citing anonymous sources.

The company, which has a market capitalisation of $6.18bn, may be open to a partial or complete buyout, the report said. Along with a healthy balance sheet, the company also has a wealth of patents, some leftover from its days as the telecom equipment arm of AT&T.


IDG UK Sites

Android M Developer Preview announced at Google I/O: Android M UK release date and new features. Wh?......

IDG UK Sites

Why I think the Apple Watch sucks and you'd be mad to buy it

IDG UK Sites

Ben & Holly's Game of Thrones titles spoof is delightfully silly

IDG UK Sites

Mac OS X 10.11 release date rumours: all the new features expected in Yosemite successor