Extreme's $100m bid kicks off sale process for Avaya networking business

Sam Trendall
clock
Extreme's $100m bid kicks off sale process for Avaya networking business

Stalking horse process underway as vendor admits defeat in bid to stay intact

Avaya has agreed a deal to sell off its networking business to Extreme Networks for $100m. The sale is subject to a so-called stalking horse bidder process, with parties other than Extreme now able to submit bids. Any qualifying bidders will be invited to take part in an auction, which Extreme will have the right to tender the first bid. As the stalking horse bidder, if Extreme does not win such an auction, it will be entitled to certain fees and reimbursement for expenses. Whoever ultimately...

To continue reading this article...

Join Channel Partner Insight

  • Exclusive news, insight and analysis for the IT channel across the US and Europe
  • Gain the latest insights through market analysis and interviews with channel leaders
  • Stay on top of key trends with an exclusive members-only podcast
  • Breaking news stories delivered straight to your inbox daily

Join now

 

Already a member?

Log in

More on Solution Provider

Official: Broadcom secures deal to acquire VMware for $61bn

Official: Broadcom secures deal to acquire VMware for $61bn

The agreement will see Broadcom buy all outstanding shares of VMware

clock 26 May 2022 • 3 min read
'Bad news for customers'  - uncertainty felt among VMware partners amid potential Broadcom takeover

'Bad news for customers' - uncertainty felt among VMware partners amid potential Broadcom takeover

Several VMware partners get candid about Broadcom’s potential $60bn acquisition of the virtualisation specialist

clock 25 May 2022 • 3 min read
German vendor Hornetsecurity snaps up security awareness specialist IT-Seal

German vendor Hornetsecurity snaps up security awareness specialist IT-Seal

The acquisition adds IT security awareness-building training to the vendor’s portfolio

Kelsey Rees
clock 25 May 2022 • 1 min read