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<ul>
	<li>Telefonaktiebolaget LM Ericsson&nbsp;ERIC received clearance from the Committee on Foreign Investments in the U.S. to&nbsp;<a class="editor-rtfLink" href="https://www.ericsson.com/en/press-releases/2022/7/ericsson-receives-regulatory-approval-to-complete-acquisition-of-vonage" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">complete its acquisition</a>&nbsp;of&nbsp;Vonage Holdings Corp&nbsp;VG.&nbsp;</li>
	<li>This represents the final requisite approval to complete the deal.&nbsp;</li>
	<li>The parties now expect the Merger to close by July 21.</li>
	<li>Ericsson agreed to acquire Vonage&nbsp;<a class="editor-rtfLink" href="https://www.ericsson.com/en/press-releases/2021/11/ericsson-to-acquire-vonage-for-usd-6.2-billion-to-spearhead-the-creation-of-a-global-network-and-communication-platform-for-open-innovation" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">for $6.2 billion</a>&nbsp;to expand its presence in the wireless enterprise and broaden its global offerings.</li>
	<li>Related:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/news/earnings/22/07/28065515/ericsson-shares-slump-as-lower-ipr-revenues-hit-q2-margins" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Ericsson Shares Slump As Lower IPR Revenues Hit Q2 Margins</a>.</li>
	<li>The deal was supposed to be closed by 1H of 2022 but&nbsp;<a class="editor-rtfLink" href="https://www.ericsson.com/en/press-releases/2022/6/update-on-ericssons-proposed-acquisition-of-vonage" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">delayed until the end of July</a>&nbsp;due to a pending investigation by the U.S. national security panel.</li>
	<li><a class="editor-rtfLink" href="https://www.reuters.com/markets/deals/ericssons-62-bln-vonage-takeover-gets-us-clearance-2022-07-15/" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Reuters reported</a>&nbsp;that since February, Ericsson had faced a bribing scandal about payments to Iraq&#39;s Islamic State militant group, triggering investigations by different U.S. agencies.</li>
	<li>The investigations could also derail the deal.</li>
	<li>Price Action:&nbsp;VG stock is up 6.72% at $20.97, and ERIC shares are up 0.59% at $6.84 during the premarket session on the last check Friday.</li>
</ul>

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Why Vonage Shares Are Trading Higher Today - Venture Global (NYSE:VG), Telefonaktiebolaget L M (NASDAQ:ERIC)

Vandana Singh

Venture Global

Telefonaktiebolaget L M

Briefs

ERIC

Ericsson's $6.2B Vonage Buyout Receives US Panel's Clearance

Why Vonage Shares Are Trading Higher Today

Telefonaktiebolaget L M Ericsson

Venture Global Inc

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