Communications Services M&A » By The Online Investor Staff, updated Tue., Mar. 9, 1:20 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 portfolio spans Networks, which supports various radio-access technologies and provides hardware, software and related services for both radio access and transport end-to-end; Digital Services, which provides solutions consisting of software, services and hardware in the areas of business support systems, operational support systems, cloud communication, cloud core, and cloud infrastructure; Managed Services, which provides networks and IT managed services, network design and optimization, and application development and maintenance to operators.
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Avg. Broker Rec.
 
|
Strong Buy (3.75 out of 4) 72nd percentile
(ranked higher than approx. 72% of all stocks covered)
Analysts' Target Price: ERIC Stock Forecast Based on Zacks ABR data; powered by Xignite |
