Extreme Networks to Pay $100 Million for Avaya Assets

Extreme Networks will pay $100 million for Avaya’s networking business after winning a bid in an auction by the U.S. Bankruptcy Court for the Southern District of New York. Extreme expects to close the deal on or shortly after July 1, subject to customary closing conditions and regulatory OKs, the company said. Avaya announced Chapter 11 bankruptcy in January. In March, the FTC said it won’t challenge the acquisition (see 1703270021).