SBC Might Buy AT&T · Slashdot Mirror

Posted by CmdrTaco on Thursday January 27, 2005 @08:20AM from the soon-there-will-just-be-one dept.

ChipGuy writes "SBC is in talks to buy AT&T according to Wall Street Journal and New York Times, both reporting price tag to be between $15-and-$16 billion. The news comes close on heels of SBC reported weaker earnings and 7000 job cuts. The New York Times says talks are fluid and sensitive. Wall Street Journal says, "a major acquisition would speak to SBC Chief Executive Edward Whitacre Jr.'s aim of turning the company into a national brand and his desire to do at least one final deal before he retires." Om Malik writes that "buying AT&T will make sense for anyone, and not just SBC. Why? Because AT&T still is the only game in the enterprise markets. MCI is hurting and Sprint clearly wants to focus on wireless. That leaves AT&T in a pretty good shape.""

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w00t! by Anonymous Coward · 2005-01-27 08:22 · Score: -1, Offtopic

FP?
fp by Anonymous Coward · 2005-01-27 08:24 · Score: -1, Offtopic

but can they buy my fro$ty pi$t ?
Why bother? by Anonymous Coward · 2005-01-27 08:27 · Score: -1, Offtopic

I don't know why /. is reporting this. This merger will have no effect on the people in Lithuania. Is not interesting for any readers out there, that would be me.