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Mitel Networks, Polycom Said to Be in Advanced Merger Talks

  • An agreement is said to be possible as soon as next week
  • Mitel has market value of $930 million, Polycom $1.5 billion
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Mitel Networks Corp. is in advanced merger talks with Polycom Inc., people with knowledge of the matter said, in a deal that would value Polycom at about $1.7 billion.

An announcement from the companies, which provide communications networks, software and other products for businesses, is possible as soon as next week, said the people, who asked not to be identified because the information isn’t public.