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Avaya Jumps on Report It Will Hold Auction After Receiving Unsolicited Interest

Joseph Woelfel

Bloomberg reported that Avaya was working with an investment bank to run an auction after receiving inquiries from private-equity firms and other groups. Potential bidders include private-equity firms Apollo Global Management, Permira Holdings and Searchlight Capital Partners, the people told Bloomberg. An Avaya spokesman told Bloomberg the company didn't comment on rumors or speculation.