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
The last moments of the doomed Germanwings plane, that was deliberately hit to the Alps, was recorded in a mobile phone, German newspaper Bild and French Magazine Paris Match reported. The video is presumed to be taken from the cabin, using a mobile device. The investigators recovered the memory card from the crash site, though the mobile was destroyed completely. However, there is no official con US Steel Corp. (X) Tuesday said it will "adjust operations" and temporarily idle a part of its Minntac plant in Mt. Iron, Minnesota, effective June 1. According to reports, the move would see about 700 employees laid off. The company said the decision was due to its current inventory levels and ongoing... Hewlett-Packard Co. (HPQ) has filed a lawsuit against Michael Lynch, the co-founder of Autonomy Corp., and its former Financial Chief Sushovan Hussain for a whopping $5.1 billion alleging that the executives misrepresented the financial situation of Autonomy. An HP's spokeswoman confirmed that the...
comments powered by Disqus
Follow RTT