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Reading: Ericsson to Buy Vonage for $6.2 Billion, Bulking Up Cloud Presence
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The Wall Street Publication > Blog > Tech > Ericsson to Buy Vonage for $6.2 Billion, Bulking Up Cloud Presence
Tech

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

Editorial Board Published November 22, 2021
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Ericsson to Buy Vonage for .2 Billion, Bulking Up Cloud Presence
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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.

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