Permira is Frontrunner for Alcatel-Lucent Businesses

Permira is the frontrunner to buy a collection of businesses put up for sale by telecom gear maker Alcatel-Lucent, Reuters reported Wednesday, citing sources familiar with the deal. The businesses up for sale include Genesys, which sells software for the operation of call centers and video conferencing. Permira is reportedly offering around $1.3 billion for the businesses, Reuters reported, adding that the deal process will likely last another month.

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