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Cingular Wins bid for AT&T Wireless

Posted by CmdrTaco on from the game-of-consolidation dept.

Newer Guy writes "Cingular has won the bidding war for AT&T Wireless with an offer of $15 a share, or about $40.5 billion." This means Vodafone is out, and the number of competitors for wireless devices in the US is down by one.

2 of 359 comments (clear)

  1. "when i last nodded off..." by shaunyb · · Score: 0, Redundant

    "When i last nodded off, there was something called the Sherman Antitrust Act." ~Gore Vidal

  2. The # of Competitors has not gone down by 1... by i)ave · · Score: 1, Redundant

    Vodaphone owns 47% of Verizon Wireless (I believe, percentage may be slightly off, but close). Part of the deal was that the gov't was going to require Vodaphone to sell off their entire stake in Verizon if they won the bid for ATTWS. Thus, the # of competitors remains the same.

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    -- I'd give my right arm to be ambidextrous