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Breakingviews - Ericsson $3 billion hit ticks most boxes for M&A folly
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Börje Ekholm's overpriced M&A has come home to roost. The $15 billion Swedish telco equipment maker's chief executive said on Wednesday he was writing down 50% of the value of software company Vonage. Investors' anger may be deflected by their desire for Ericsson to diversify.
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