Communications Services M&A » By The Online Investor Staff, updated Fri., May. 24, 6:46 AM
Recent mergers and acquisitions in the Communications Services M&A category.
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Slide #86. Ericsson — Microsoft's Mediaroom business
Acquirer:
Ericsson (NASDAQ:ERIC)
Acquiree:
Microsoft's Mediaroom business
Details:
Ericsson has reached an agreement with Microsoft to acquire its TV solution Mediaroom business. This will make Ericsson the leading provider of IPTV and multi-screen solutions with a market share of over 25%. Closing expected during the second half of 2013. Mediaroom is situated in Mountain View, California and employs more than 400 people worldwide.
Ericsson provides communications technology and services. Co.'s services, software and infrastructure – especially in mobility, broadband and the cloud – enable the telecom industry and other sectors to do business, increase efficiency, improve the user experience and capture new opportunities. Co. has more than 110,000 professionals and customers in more than 180 countries. Co. provides support for networks with more than 2.5 billion subscribers. Co.'s core business areas are called Radio, Core and Transmission and Telecom Services. Co. divides its operations into three business segments: Networks, Global Services and Support Solutions.
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Avg. Broker Rec.
 
|
Buy (2.67 out of 4) 23rd percentile
(ranked lower than approx. 77% of all stocks covered)
Based on Zacks ABR data; powered by Xignite |
