Connect with us


Ericsson’s Deal to Buy Vonage Is Focus of Cfius Probe

The Committee on Foreign Investment within the U.S. is reviewing Ericsson proposed $6.2 billion acquisition of Vonage Holdings Corp., Ericsson mentioned, including one other regulatory problem for the Swedish telecom-equipment big in Washington.

Ericsson mentioned the deal for supplier of internet-based communication companies had cleared all different U.S. and international regulatory approval necessities. It mentioned the businesses had been working with the committee, generally known as Cfius, a Treasury Department-led panel of federal businesses that determines how international offers for U.S. property might have an effect on nationwide safety.

Source link