Unified communications vendor Avaya is looking at a leveraged buyout offer from a private equity company with its value, inclusive of debt, being put at about US$5 billion, the news agency Reuters has reported.
California-based telecommunications company Avaya's over-leveraged balance sheet has brought it to the restructuring table, according to a legal analyst at the financial intelligence firm Debtwire.
California-based telco Avaya is pondering a chapter 11 filing for bankruptcy as it gets close to a deal for selling its call-centre software unit, the Wall Street Journal has reported.
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