Telefonaktiebolaget L M Ericsson agreed to acquire Vonage Holdings Corp. for $6.2 billion. The purchase price values Vonage at $21 per share, implying a 28 percent premium to Nov. 19 closing price. Vonage is a cloud-based communications provider based in Holmdel, New Jersey, with 2,200 employees throughout the United States, EMEA, and APAC.
The transaction builds upon Ericsson’s aim to expand globally in the wireless enterprise, offering existing customers an increased share of a market valued at $700 billion by 2030.
