Private investment firms TPG Capital and Silver Lake Partners on Thursday said they intend to provide a majority of the around $227 million required to fund the purchase of Radvision Ltd. by their portfolio company, Avaya Inc.
Avaya, a provider of business collaboration and communications solutions, said on March 15 that it has signed an agreement to acquire Radvision. The closing of the deal was anticipated within 90 days.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.