STOCKHOLM (Reuters) -Ericsson on Monday agreed to buy cloud communications firm Vonage in a $6.2 billion all-cash deal, as the telecom gear maker moves to broaden its 5G portfolio. $Vonage (VG.US)$ $LM Ericsson Telephone (ERIC.US)$
The deal, one of the largest in Ericsson's history, follows its $1.1 billion purchase of Cradlepoint last year which gave it access to tools that can connect devices using the so-called Internet of Things over a 4G or 5G network.
U.S-based Vonage makes Application Programming Interface (API), which helps different software communicate with each other.
"Vonage is complementary to what we have built in enterprise so far ... Cradlepoint was one of the big stepping stones as well in building an enterprise presence," Ericsson CFO Carl Mellander told Reuters.
Ericsson will pay $21 for each outstanding Vonage share, a 28% premium to Friday's closing price and a 34% premium to the average of the last 3 months, a price analysts said was high.
Ericsson shares fell 3.8% in early trade, on track for their worst day since July and the worst performer on the pan-European STOXX 600 index.
Article excerpted from Yahoo.

$Vonage (VG.US)$ lets sell off.. make it down. 👍👍 short it

$Vonage (VG.US)$ stupid share!

$Cassava Sciences (SAVA.US)$ You can enter between 52.7-51.4, with a stop loss at 49.95, and take profit at 64-69-72.

$Tesla (TSLA.US)$ 900

$Amazon (AMZN.US)$ AMZN is valued for AWS, not its online bookstore.
$Tesla (TSLA.US)$ TSLA is valued for the AI as much if not more than its mere production of electric cars.
$Apple (AAPL.US)$ AAPL is valued for the iPhone, which replaced the iPod, which itself was more valued than the Mac business.
$Netflix (NFLX.US)$ And even NFLX is growing more by becoming a content producer, not merely a streamer.
wr $Microsoft (MSFT.US)$ I'll throw in MSFT, too, whose value now mostly resides in cloud computing more than merely selling software.

The world's richest person got a lot richer Monday with $Tesla (TSLA.US)$ closing at $1,208.74 a share, up 9% on the day. Elon Musk is the world’s richest person, as ranked by the Bloomberg Billionaires Index.The majority of Musk's wealth is credited to his stake in Tesla of around 227 million shares and stake in the space company SpaceX, which Musk founded.
Musk is now worth $335.1 billion, increasing his wealth by $165 billion year-to-date. His wealth is so high that it now tops combinations of two people in the top 10.Second-place ranked Jeff Bezos, the founder of $Amazon (AMZN.US)$ , is worth $192.1 billion as of Monday. $Meta Platforms (FB.US)$  CEO and co-founder Mark Zuckerberg ranks seventh on the list, with a valuation of $121 billion as of Sunday.
Last month, Musk's wealth passed Bill Gates and Warren Buffett combined.

$Kaival Brands Innovations (KAVL.US)$ go go go

$Kaival Brands Innovations (KAVL.US)$ Whenever it rises, even if it's just 1 RMB, I'll get rich.