Friday, February 11, 2005

Verizon floats bid for MCI

Verizon Communications has floated an informal acquisition offer in cash and stock for MCI, The Wall Street Journal reported Thursday, citing people familiar with the situation. The newspaper said the informal offer is priced near Qwest Communications International’s tentative offer of $6.3 billion for MCI. According to the newspaper, Verizon and MCI are still discussing details of any deal and the talks could fall apart. The paper said no formal offer has been presented.

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