Tuesday, June 14, 2011
It took almost 6 months since the rumors were spread (see "Telcordia for Sale" - here) to today's announcement by Ericsson - "that it has reached an agreement with Providence Equity Partners, LLC and Warburg Pincus to acquire 100 percent of the shares of Telcordia, a global leader in the development of mobile, broadband and enterprise communications software and services, for USD 1.15 billion. Closing anticipated to Q4 2011 with full effect Q1 2012."
See "Ericsson to acquire Telcordia" - here. Telcordia was sold to its current owners by SAIC more than 6 years ago (Nov '04) for $1.35B (here).