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https://www.wsj.com/articles/ericsson-to-buy-vonage-for-6-2-billion-bulking-up-cloud-presence-11637575263?mod=rss_Te...
Submission: On November 22 via api from US — Scanned from DE
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Galston * Daniel Henninger * Holman W. Jenkins * Andy Kessler * William McGurn * Walter Russell Mead * Peggy Noonan * Mary Anastasia O'Grady * Jason Riley * Joseph Sternberg * Kimberley A. Strassel MORE * Editorials * Commentary * Future View * Letters to the Editor * The Weekend Interview * Potomac Watch Podcast * Foreign Edition Podcast * Opinion Video * Notable & Quotable * Books & Arts REVIEWS * Film * Television * Theater * Masterpiece Series * Music * Dance * Opera * Exhibition * Cultural Commentary SECTIONS * Arts * Books MORE * WSJ Puzzles * Life Video * Arts Video * Real Estate SECTIONS * Commercial Real Estate MORE * Real Estate Video * Life & Work SECTIONS * Cars * Careers * Entertainment * Food & Drink * Home & Design * Ideas * Personal Finance * Recipes * Style & Fashion * Travel * Wellness COLUMNS * Your Health * Work & Life * The Middle Seat * Bonds * At Work * Turning Points * Off Brand * On Trend * On Wine MORE * WSJ Puzzles * Space & Science * WSJ. Magazine SECTIONS * Fashion * Art & Design * Travel * Food * Culture * Sports COLUMNS * Jason Gay SECTIONS * MLB * NBA * NFL * Golf * Tennis * Soccer Search Search Share * Facebook * Twitter * LinkedIn * Copy Link * Business ERICSSON TO BUY VONAGE FOR $6.2 BILLION, BULKING UP CLOUD PRESENCE PANDEMIC HAS SPARKED WAVE OF ACQUISITIONS IN CLOUD-COMMUNICATIONS SOFTWARE INDUSTRY How Cloud Computing Became a Big Tech Battleground Skip Ad in 15 You may also like CloseCreated with sketchtool. Up Next CloseCreated with sketchtool. Your browser does not support HTML5 video. PlayCreated with sketchtool. Sound OnCreated with sketchtool. 0:00 / 4:16 Closed Captions InactiveCreated with sketchtool.ShareCreated with sketchtool. 0:00 How Cloud Computing Became a Big Tech Battleground Big tech firms are investing in data centers as they compete for the $214 billion cloud computing market. WSJ explains what cloud computing is, why big tech is betting big on future contracts in this video from 2019. By Dominic Chopping Close DOMINIC CHOPPING * Biography * dominic.chopping@wsj.com Nov. 22, 2021 5:01 am ET Print Text Your browser does not support the audio tag. Listen to article Length 2 minutes AD Loading advertisement... 00:00 / 02:00 1x This article is in your queue. Open Queue STOCKHOLM— Ericsson AB agreed to buy cloud-communications provider Vonage Holdings Corp. , for $6.2 billion, in deal that the Swedish telecom-equipment maker said will expand its wireless enterprise business and broaden its global offerings. Ericsson, in what would be its biggest deal ever, agreed to pay $21 a share in cash for Vonage, representing a 28% premium to Friday’s closing share price. The purchase, which Holmdel, N.J.-based Vonage’s board has approved, will be financed through Ericsson’s existing cash resources. 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