>>> The Swedish telecoms-equipment maker has written $2.9bn off the value of the US cloud based telecom group it bought at the end of 2021. Writing off almost half the value of a deal less than two years after its announcement is an embarrassment for chief executive Börje Ekholm.
It was a $6bn deal.
How is it possible to misvalue so badly ?
Or am I missing something here (for example, tax credit)
>>> The Swedish telecoms-equipment maker has written $2.9bn off the value of the US cloud based telecom group it bought at the end of 2021. Writing off almost half the value of a deal less than two years after its announcement is an embarrassment for chief executive Börje Ekholm.
It was a $6bn deal.
How is it possible to misvalue so badly ?
Or am I missing something here (for example, tax credit)