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General

Ericsson buys Vonage for USD 6.2 billion

Monday 22 November 2021 | 09:07 CET | News
Ericsson has agreed to buy the VoIP operator Vonage for USD 21 per share, for a total of USD 6.2 billion. The board of directors at Vonage approved the deal, which will enable Ericsson to expand its enterprise operations globally and build on its integration of Cradlepoint in September 2020. The merger price represents a premium of 28 percent to Vonage's closing share price on 19 November and 34 percent to the volume-weighted average share price for the three months to 19 November.

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Categories: General
Companies: CradlePoint / Ericsson / Vonage
Countries: World
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