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Ericsson's $3 billion financial setback in a recent deal has raised concerns about the company's M&A strategy. The deal, which has been described as a folly, has ticked most boxes for a failed acquisition. The telecom giant's poor call in the deal has led to significant financial losses, prompting analysts to question the future of the company's M&A activities. This setback comes at a time when Ericsson is already facing challenges in the highly competitive telecommunications industry. The company's misstep highlights the importance of careful due diligence and strategic decision-making in the M&A landscape.
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Breakingviews - Ericsson $3 billion hit ticks most boxes for M&A folly https://t.co/zY7LZXcEhc
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From Breakingviews - Ericsson $3 bln hit ticks most boxes for M&A folly https://t.co/kAupkpqZzv