Extreme Networks to Pay $100 Million for Avaya Assets
Extreme Networks will pay $100 million for Avaya’s networking business after winning a bid in an auction by the U.S. Bankruptcy Court for the Southern District of New York. Extreme expects to close the deal on or shortly after July…
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1, subject to customary closing conditions and regulatory OKs, the company said. Avaya announced Chapter 11 bankruptcy in January. In March, the FTC said it won’t challenge the acquisition (see 1703270021).