Who is acquiring Avaya, the leading VoIP and Unified Communication vendor? We raised the question just two days back following the rumor that Avaya is heading towards a buyout.
There was intense speculation that Nortel Networks Corp is the front-runner in the bid to acquire the VoIP and Unified Communication company that beat all odds to hit the current VoIP market.
Since, Nortel is looking forward to take the advantages in the areas of unified communication in the corporate VoIP market, the speculation seemed genuine, at least for the time being.
However, the latest reports add that Nortel is stepping down from its bid to acquire Avaya due to the rise in the share price of the later. A WSJ story that got a number links elaborates after Avaya’s stock price spike in the past week, it became more unaffordable for Nortel. Avaya’s stock touched to $17.18 late Friday from $13.67 a week earlier.
