Mitel to Buy Polycom for $2 Billion, Add Video Conferencing

  • Cash and stock deal values Polycom at $13.68 a share
  • Mitel intends to continue doing acquisitions, CEO McBee said

Mitel CEO: Polycom Deal Not Tax Inversion

Mitel Networks Corp. agreed to buy Polycom Inc. for cash and stock in a deal valued at about $1.96 billion, as the Canadian technology pioneer adds video conferencing in its bid to dominate business communications.

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