Avaya Holdings is reportedly considering a leveraged buyout offer from a private equity firm.
Citing anonymous sources familiar with the matter, a Reuters report suggests that the telecommunications equipment and software vendor is being valued at more than $5 billion (including debt) by the private equity company. However, the identity of the potential acquirer has not been learned by Reuters yet, and the sources claimed that there is no guarantee that the proposed offer would actually translate into an actual acquisition.
Avaya emerged from bankruptcy protection around 15 months ago. It had $3.2 billion debt as of the end of December.