back to article Troubled Avaya takes Extreme option, flogs network biz for $100m

Bankruptcy-beset Avaya is cashing out of its networking business for just $100m, with Extreme Networks the buyer. Burdened by private equity debts bought at 2007-era interest rates, Avaya received Chapter 11 bankruptcy protection in January this year. Trying to cut a debt load of more than $6bn, Avaya briefly tried to offload …

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Just $5.9bn to go, then ... or will their ebay auction work out right ?

I have a bag of ready salted crisps, here, would be happy to give that up for the network biz ...

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