U.S. Approves Ericsson’s $6.2 Billion Vonage Acquisition

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Swedish telecom-equipment large Ericsson AB mentioned the Committee on International Funding within the U.S. had licensed its $6.2 billion proposal to purchase Vonage Holdings Corp. clearing the best way for the deal to be accomplished subsequent week.

Ericsson mentioned it now expects to shut the merger by Thursday, forward of its earlier forecast of the top of July. A spokesman for the Treasury Division, which leads the Cfius panel, didn’t instantly return a request for remark.

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