Ericsson's $6.2 bln Vonage takeover gets U.S. clearance - 15 iulie 2022
Telecom firm Ericsson (US.ERIC) has received clearance from the U.S. national security panel to complete a $6.2-billion acquisition of cloud communications firm Vonage, the Swedish company said on Friday. In the largest acquisition in its history, Ericsson agreed to buy Vonage in November, seeking to diversify revenue streams and protect itself against the cyclical nature of wireless mobile spending.
Vonage shares closed at $19.65 on the Nasdaq on Thursday, compared to Ericsson's offer price of $21 a share. Shares of Ericsson have lost a third of their value this year.