Ericsson receives regulatory approval to complete acquisition of Vonage
Ericsson (NASDAQ: ERIC) announced on July 15, 2022, that it has received clearance from the Committee on Foreign Investments in the United States (CFIUS) to finalize its acquisition of Vonage Holdings Corp. (NASDAQ: VG). This approval is the last required step before completing the merger, which is expected to close by July 21, 2022. The acquisition aims to enhance Ericsson's offerings in the market and is part of their strategy to capture the full value of connectivity.
- Acquisition of Vonage enhances Ericsson's market position.
- Final regulatory approval allows for timely merger closure by July 21, 2022.
- None.
STOCKHOLM, July 15, 2022 /PRNewswire/ -- Ericsson (NASDAQ: ERIC) today announced that it has received clearance from the Committee on Foreign Investments in the United States (CFIUS) to complete its acquisition of Vonage Holdings Corp. (NASDAQ: VG) ("Vonage"). This represents the final requisite approval to complete the deal. The parties now expect the Merger to close no later than July 21, 2022, as provided for in the Merger Agreement.
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Ericsson enables communications service providers to capture the full value of connectivity. The company's portfolio spans the business areas Networks, Cloud Software and Services, Enterprise Wireless Solutions, and Technologies and New Businesses. It is designed to help our customers go digital, increase efficiency and find new revenue streams. Ericsson's innovation investments have delivered the benefits of mobility and mobile broadband to billions of people globally. Ericsson stock is listed on Nasdaq Stockholm and on Nasdaq New York. www.ericsson.com
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SOURCE Ericsson
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