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
80,088 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

Windows 9 release date, price, features: Microsoft teases new OS ahead of 30 September unveiling

IDG UK Sites

From the iPhone 6 to the iWatch and a new Apple TV we look at the products Apple is set to launch...

IDG UK Sites

September 2014 creative trends: 5 things you must see

IDG UK Sites

The 7 most ridiculous iPhone 6 rumours: what Apple WON'T reveal on 9 September