Private Equity Eats Avaya for $8.2 Billion and 3Com for $2.2 Billion. Burp.

Private Equity Eats Avaya for $8.2 Billion and 3Com for $2.2 Billion. Burp.

Excerpt:
"Two big private equity deals today. Shareholders finally approved the $8.2 billion buyout of Avaya by Silver Lake Partners and the Texas Pacific Group (not bad for an IP phone company that once was part of Lucent). And 3Com, the perpetually money-losing maker of computer networking equipment and competitor of Cisco Systems, has agreed to be acquired by Bain Capital and Chinese networking company Huawei Technologies for $5.30 per share in cash, or $2.2 billion total. For 3Com, that’s 1.7 times last year’s revenues, and for Avaya it is 1.6 times."