Polycom accepts Siris Capital’s $2B offer, cancels Mitel merger
The technology industry is never short of intrigue and drama. There are always rumors of who might buy whom, which executive left to go where and what new product a certain vendor might come out with.The fate of Polycom has been one of the storylines industry watchers have been keeping an eye on. Earlier this year, Mitel announced it agreed to acquire Polycom for $1.96 billion. But alas, all things aren’t meant to be. In Hollywood, Bennifer broke up, and now Mitelocom will, too.On the eve of the deal being finalized, Siris Capital came in, upped the offer to a cool $2 billion and broke up the proposed joint company. Like all things in life, there are some definite pros and cons to this announcement.To read this article in full or to leave a comment, please click here
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