Extreme bids $100 million for Avaya’s networking business

In a move that could expand its reach into the stadium networking business, Extreme Networks said Tuesday that it had entered into an “asset purchase agreement” to acquire the networking business of Avaya, which recently filed for bankruptcy. The price of the deal is $100 million, which is still subject to the possibility of other companies submitting higher bids for Avaya’s networking business assets.

We have calls in to get some more information, such as what might possibly happen to Avaya stadium networks in venues like Avaya Stadium, Montreal’s Bell Centre and Denver’s Pepsi Center. More as we hear more.

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