Ericsson to buy cloud firm Vonage for $6.2 billion

Mobile telecoms equipment maker Ericsson (ERIC) said on Monday it had agreed to buy cloud communications firm Vonage (VG) for $6.2 billion. The deal was the Swedish firm’s biggest in years and follows its acquisition of US-based wireless networking company Cradlepoint for $1.1 billion in 2020. “The merger agreement was approved unanimously by the Board of Vonage,” Ericsson said in a statement. “The transaction builds upon Ericsson’s stated intent to expand globally in wireless enterprise,…

"Ericsson to buy cloud firm Vonage for $6.2 billion"

He took charge of Amazon’s biggest moneymaker. Now he faces a new set of challenges

When Jeff Bezos decided to give up his role as Amazon’s chief executive earlier this year, it prompted the company to name not one but two new CEOs. The first, Andy Jassy, replaced Bezos as CEO of Amazon’s sprawling business. The second, Adam Selipsky, was hired in March to fill Jassy’s old role as CEO of Amazon’s single biggest moneymaker: Amazon Web Services (AWS). Selipsky was no stranger to AWS. He first joined the Amazon…

"He took charge of Amazon’s biggest moneymaker. Now he faces a new set of challenges"