Wednesday, February 9, 2005

WSJ: Verizon Floats Bid for MCI

Verizon Communications has floated an informal offer to acquire MCI for about $6.3, according to The Wall Street Journal. The bid is priced near the offer made recently by Qwest Communications, although the report concludes that Verizon is a stronger potential partner for MCI and therefore its bid is likely to be favored. Neither company has commented on the merger rumors.


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