U.S. regulators approve Ericsson's $6.2 billion acquisition

The Swedish telecom equipment maker Ericsson said on Friday that it had received approval from the Committee on Foreign Investment in the United States (CFIUS) to complete the acquisition of cloud communications provider Vonage.

The parties have thus obtained the final approvals required to close the proposed transaction, which is expected to close by July 21 this year.

In November last year, foreign media first reported that Ericsson would acquire Vonage in an all-cash deal worth $21 per share and a total price of $6.2 billion (about 41.85 billion yuan). If the acquisition is successful, the transaction will be one of the largest in Ericsson's history.

It is reported that the transaction was originally expected to be completed in the first half of this year. But in June, Ericsson said the deal was delayed until the end of July because the National Security Council's investigation had not yet been completed.

Based in the United States, Vonage is a cloud-based communications provider that makes APIs that help disparate software communicate with each other.

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