$8.2 Billion Purchase Of Avaya Completed

Avaya Inc. has accpeted a buyout offer of $8.2 billion from Silver Lake Partners and TPG Inc. The deal values Avaya at $17.50 a share, a 28% premium over the $13.67 a share the stock closed at before the buyout rumors began on May 29th.

Avaya has already received all regulatory approvals, including clearance from the European Commission, to complete the deal.

Oracle proposal to acquire BEA Systems expires

Oracle’s bid to acquire middleware developer BEA Systems has expired with the passing of the 28 October deadline.

Oracle had offered to acquire BEA for $17 a share, valuing the company at $6.7billion.  BEA Systems rejected the offer and said it has concluded that the Oracle offer significantly undervalues BEA. BEA put forward a counter-proposal of $21 a share, which was rejected by Oracle.

Opera connects mobile and desktop worlds

Opera released Opera Link. Wherever you are, whatever Opera browser you use, or whichever device you use Opera on, you can instantly access your bookmarks, Speed Dial, and personal bar. Say goodbye to the tedious hassle of entering text in your mobile phone to visit your top sites and say hello to a new level of convenience from device to device.

Opera Link forms a key cornerstone of two beta products released today. Opera Link is supported in the high-performance Opera 9.5 beta and the newest beta of Opera Mini 4.