Elon musk pays Hostess $250,000 to keep quiet over sexual harassment

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Aflight attendant who accused SpaceX and Tesla CEO Elon Musk of sexually harassing her on a flight in 2016, was reportedly paid $250,000 to remain silent on the matter. The air hostess was paid by SpaceX in 2018 to settle the claim of sexual misconduct against Elon Musk. Elon Musk The attendant, who used to work on a contract basis for the corporate jet fleet of SpaceX, accused Musk of exposing himself to her, rubbing her leg without consent and offering to buy her a horse or an erotic massage, the Business Insider reported. "The incident is alleged in a declaration signed by a friend of the attendant and prepared in support of her claim.  The details in this story are drawn from the declaration as well as other documents, including email correspondence and other records shared with Insider by the friend," added the Business Insider report. According to the declaration, the attendant told her friend that after taking the flight attendant job, she was pushed to get...
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Ericsson to buy cloud communication Vonage for $6.2bn

 Ericsson said on Monday it had agreed to buy cloud communications firm Vonage for $6.2 billion.

The deal was the Swedish firm's biggest in years and follows its acquisition of U.S.-based wireless networking company Cradlepoint for $1.1 billion in 2020.

"The merger agreement was approved unanimously by the Board of Vonage," Ericsson said in a statement.

"The transaction builds upon Ericsson's stated intent to expand globally in wireless enterprise, offering existing customers an increased share of a market valued at $700 billion by 2030."

Vonage had sales of $1.4 billion in the 12-month period to Sept. 30 2021, with a margin on adjusted earnings before interest, tax and depreciation (EBITDA) of 14% and free cash flow of $109 million.

The acquisition marks a new phase after a period since Borje Ekholm took over as CEO in 2017.

He has focused on restructuring and refocusing the business after Ericsson branched out into multi-media in the early part of the 2000s. It struggled to fit its purchases into its operations, weighing on margins and profits.

The cloud-based Vonage Communications Platform serves more than 120,000 customers and more than one million registered developers globally.

Ericsson said it expected the deal to boost earnings per share - excluding non-cash amortization impacts - and free cash flow from 2024 onwards.

The deal is expected to close in the first half of 2022, subject to Vonage shareholder approval, regulatory approvals, and other conditions.

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