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Avaya Pursues RingCentral Venture Instead of Sale

  • Terms of RingCentral joint venture couldn’t be learned
  • Avaya said Aug. 13 it would take a month to conclude review
A sign is displayed on a building at Avaya headquarters in Santa Clara, California. 

A sign is displayed on a building at Avaya headquarters in Santa Clara, California. 

Photographer: Smith Collection/Gado/Getty Images

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Avaya Holdings Corp. is in talks to form a joint venture with videoconferencing provider RingCentral Inc. and is leaning toward abandoning plans for a full sale of the company, people familiar with the matter said.

Avaya, a communications software maker, has been exploring strategic alternatives and has held talks with private equity firms such as Searchlight Capital, which owns Mitel Networks, about a reverse merger. Financial terms of the proposed joint venture couldn’t immediately be learned.