MCI accepts new Verizon offer
MCI, the second-largest U.S. long-distance telephone company, accepted a new $7.6 billion takeover offer from Verizon Communications, rejecting a higher bid from Qwest Communications.
Verizon offered $23.50 a share in cash and stock, including a 40-cent dividend that MCI has paid to shareholders, MCI said in a statement today.
Read the Share:
Transmeta reports another loss, runs out of time
- Study points to Windows as more secure than Linux
- Philips plans to sell stake in Navteq for $1.52 billion
- Nvidia working on 90 series of drivers
- iTunes domain owner to appeal ruling
- Microsoft tests a new pair of patch-system betas
- Adobe leaks details of new Photoshop
- Gigabyte and MSI deliver new P4 motherboards
- Migration to DDR2 hitting snags
- Adobe integrates photographer directory in its software
Toshiba recharges batteries in one minute
- ICANN races to meet .net deadline
- Laptop with 98,000 names stolen at UC-Berkeley
- HP taps NCR's Mark Hurd as new CEO
- Second Hand Smoke: Tom's Hardware Guide's first blog
- Intel launches 64-bit Xeon MP Potomac and Cranford processors
- Mobo makers: Migration to 915 platform to speed up in Q2
- DDR prices drop below cost
- NEC introduces chip for mobile phones with 3D positioning tech
- Elpida, Toshiba sample XDR DRAM modules
Sponsored
See more
Latest news
Miscellaneous Previous news
Partners
