Avaya Tried Selling Contact Center Business
In an effort to combat its debt, Avaya contacted 34 potential purchasers in the hopes of selling its contact center business, according to the filing. Eight potential buyers provided written bids for the contact center business, including a $3.9 billion bid. However, discussions with the confidential $3.9 billion buyer "eventually broke down" and Avaya determined that the proposal was no longer "actionable," according to the filing.
Avaya later received a purchase price of $3.7 billion for its contact center business, although the company ultimately declined to pursue the bid, according to the filing.