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Fly News Breaks for January 25, 2018
VG, EGHT
Jan 25, 2018 | 07:45 EDT
Craig-Hallum analyst George Sutton notes that while never confirmed, it was widely believed that 8x8 (EGHT) had entertained interest from third parties back about a year ago, and more recently, Vonage (VG) has expressed desire to pursue a "transformational acquisition." There are only a few acquisitions possible in this market that the analyst feel would fit the definition and 8x8 clearly would be one, he contends. Importantly, Sutton believes it makes sense on a number of strategic bases.
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