Ericsson/Vonage Closing Expected by Thursday, Following CFIUS OK

Ericsson landed regulatory approval of its $6.2 billion Vonage buy from the Committee on Foreign Investments in the U.S., said Ericsson Friday. “This represents the final requisite approval to complete the deal,” it said. Ericsson and Vonage now expect the transaction to close no later than Thursday, “as provided for” in their November purchase agreement (see 2111220034), under which Vonage will operate as an Ericsson subsidiary under its existing brand, said Ericsson.