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
German industrial conglomerate thyssenKrupp AG announced Wednesday that it has signed a memorandum of understanding or MoU with Tata Steel Ltd. about the combination of their European steel activities in a 50/50 joint venture. The companies expect up to 4000 job cuts in the joint venture. Amazon.com Inc. on Tuesday introduced the latest generation of its flagship Fire tablet - the Fire HD 10. The new tablet comes with a 10.1 inch widescreen, 1080p display, ten hours of battery life, and Alexa hands-free capabilities. The Fire HD 10 is available for pre-order beginning today with 32GB or 64GB of internal storage, and starting at $149.99. Rite Aid Corp. and Walgreens Boots Alliance Inc. have secured regulatory clearance for an amended and restated purchase agreement, under which Walgreens will buy 1,932 stores, three distribution centers and related inventory from Rite Aid for $4.375 billion in cash.
comments powered by Disqus
Follow RTT