According to Reuters, Avaya Holdings Corp (AVYA) is approached by a private equity firm

POTENTIAL DEAL DETAILS

Telecommunications equipment and software vendor Avaya Holdings Corp (AVYA) is considering a leveraged buyout offer from a private equity firm that values it at more than $5 billion, including debt, people familiar with the matter said on Sunday.

Update(s):

April 08, 2019: Communications software company Avaya Holdings Corp. (AVYA) is preparing to run a sale process for the company following unsolicited interest from potential buyers, according to people with knowledge of the matter.

April 25,  2019: Telecommunications-equipment maker Avaya Holdings Corp. (AVYA) is in talks to combine with rival Mitel Networks Corp. in a stock deal worth more than $2 billion, people familiar with the matter said.

August 19, 2019: Avaya Holdings Corp. (AVYA) is considering a bid from rival Mitel Networks that could create a telecommunications equipment vendor worth more than $5 billion including debt, people with knowledge of the matter said. The shares surged.

September 12, 2019: Avaya Holdings Corp. (AVYA), a global leader in solutions to enhance and simplify communications and collaboration, today provided an update regarding its review of strategic alternatives announced earlier this year. Avaya had previously disclosed its expectation that this process would be concluded by mid-September.

September 12, 2019: Avaya Holdings Corp.  (AVYA) is in talks to form a joint venture with videoconferencing provider RingCentral Inc. (RNG) and is leaning toward abandoning plans for a full sale of the company, people familiar with the matter said.

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