logo
Share SHARE
FONT-SIZE Plus   Neg

TPG Capital, Silver Lake To Provide Majority Funding For Avaya's Radvision Buy

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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Anthony Levandowski, the head of Uber's self-driving division, is stepping away from his role as Uber continues a legal battle with Waymo, Levandowski's former employer. Levandowski, who founded startup Otto, became head of Uber's Advanced Technologies Group or ATG after Otto was acquired by Uber in August 2016. Southwest Airlines Co. has decided to end the practice of overbooking flights, the airline's CEO Gary Kelly said Thursday. The airline's plan to end overbooking could be implemented from May 8, according to a Southwest spokeswoman. Shares of Electrolux AB were gaining around 5 percent in the trading in Sweden after the home appliances giant reported higher profit and sales in its first quarter. President and CEO Jonas Samuelson said, "We will continue to drive profitable growth by creating best-in-class consumer experiences which are supported by innovation and operational excellence."
comments powered by Disqus
Follow RTT