VC Eyes Nortel
A story from Bloomberg today says Bridgescale wouldn't mind ponying up for a piece of Nortel. By combining efforts with other firms, Bridgescale might be willing to spend $100 million, managing director Rob Chaplinsky said.
That's not enough to pick up the wireless pieces, which will go for at least $725 million -- or a lot more, if BlackBerry has its way. Come to think of it, it's not enough for the enterprise business either, considering the offer from Avaya. (See PE Firm Edges NSN's Nortel Bid, RIM Cries Foul Over Nortel Bidding Process, and Avaya Offers $475M for Nortel's Enterprise.)
And it sure isn't enough for the Metro Ethernet Networks (MEN) division. What's Chaplinsky hoping for, then? "A sliver of something," is how he phrased it to Bloomberg.
Why not? There's good technology to be had. I'm sure there are plenty more sliver-seekers out there waiting to pounce.
— Craig Matsumoto, West Coast Editor, Light Reading