Ericsson Finalizes Envivio Acquisition
Ericsson finalized its purchase of software-based video encoding company Envivio, Ericsson said in a news release Tuesday. Ericsson indirect subsidiary Cindy Acquisition Corp. merged into Envivio, and Envivio became a wholly owned Ericsson subsidiary, it said. The FTC recently approved…
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Ericsson's request for early termination of the waiting period during which the deal faced antitrust review (see 1510080016). Ericsson said it bought more than 26.3 million shares of Envivio through a tender offer of $4.10 per share, which accounted for about 93 percent of Envivio's shares.