I guess it's not a rumored deal anymore :)...
Silver Lake and TPG's TPG Capital LLC last night agreed to purchase telecommunications-equipment company Avaya Inc. for about $8.2 billion, marking the second big buyout in the telecom industry in two weeks.
The victory of private-equity buyers underscores the continued market power of buyout shops, which are able to trump strategic buyers on deals by using cheap debt and reducing their investment-return thresholds.
This still seems a bit "irrational exuberance" mode to me somehow...
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