Polycom Ends $1.9B Mitel Merger, Selling Instead to Siris for $2B
Three months ago, after 10 months of negotiations, Canadian tech giant Mitel Networks Corp. announced that it would buy video conferencing solutions provider Polycom Inc. for close to $1.9 billion. Now, it appears that Polycom has had a huge change of heart. Today, private equity firm Siris Capital Group LLC said it has agreed to acquire Polycom for $2 billion in cash and take the company private. […]