Connect with us

Hi, what are you looking for?

Tech

Ericsson to Buy Vonage for $6.2 Billion, Bulking Up Cloud Presence

Ericsson to Buy Vonage for .2 Billion, Bulking Up Cloud Presence

STOCKHOLM— Ericsson AB agreed to buy cloud-communications provider Vonage Holdings Corp. , for $6.2 billion, in deal that the Swedish telecom-equipment maker said will expand its wireless enterprise business and broaden its global offerings.

Ericsson, in what would be its biggest deal ever, agreed to pay $21 a share in cash for Vonage, representing a 28% premium to Friday’s closing share price. The purchase, which Holmdel, N.J.-based Vonage’s board has approved, will be financed through Ericsson’s existing cash resources.

You May Also Like

News

A member of Pakistan’s parliament, Sania Ashiq Jabeen was born in Lahore and raised there. She studied at the National College for Drug Administration...

Lifestyle

SINGAPORE – For four decades, Japanese singer and actress Seiko Matsuda has built a following across Asia through a non-stop output of albums, television...

Politics

Almost every April since 1972, the Hash Bash has been held on the Diag of the University of Michigan campus, a free speech event...

News

Grief and joy coexist during Dia de Los Muertos, but Flo Hernandez-Ramos chooses to focus on the celebration every Nov. 2. DENVER — The...