Would a second leveraged buyout be more successful this time?
Multiple reports have surfaced that Avaya has received a leveraged buyout (LBO) offer from a private equity firm for about $2 billion plus assumption of the debt, which is about $3 billion. This was followed by more reports that Avaya is considering an auction involving three private equity firms.
Text, particularly mobile text, clearly ranks among the greatest innovations we have seen in telecommunications in the past 50 years. To put that in perspective, TouchTone dialing was introduced about 50 years ago. While not much has happened on the TouchTone front, text continues to evolve and users’ enchantment with the capability allows it to find its way into all corners of our business and personal lives. One company that is looking to build on that success is Smooch.