Avaya rumored to be selling itself to Silver Lake Partners and TPG Inc.

The New York Times has reported that Silver Lake Partners and TPG Inc. have agreed to acquire Avaya Inc. for about $8 billion.

If this is true, it would become the largest acquisition of this kind. The deal would see Avaya shareholders receiving around $17 a share.

The deal would give the new owners control of the world’s biggest maker of corporate phone equipment. Cisco is the major rival of Avaya in this industry.

Prudential Equity Group analyst Inder Singh was quoted as saying about this rumor in the market: “You’ve got one or two strategic buyers and a couple of private-equity buyers looking at the asset and trying to see if it makes sense for them. For private equity, it makes sense from a financial standpoint because Avaya is a fairly strong cash generator.”

Avaya has not commented on this report as the company has a policy to not comment on rumors.

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