SBC and AT&T Boards Vote to Go Ahead

telstar writes "As a follow-up to earlier coverage regarding the possible acquisition of AT&T by SBC, MSNBC is reporting that boards from both companies met to vote today and that the acquisition will go forward at a price of 16 billion dollars. Both companies are currently keeping the deal quiet."

Comments

ANTI-Trust?

[gambit3]

It's one thing to say that the boeards give the go-ahead (it was expected), but this deal should REALLY get close Anti-Trust inspection.

THAT's the go-ahead I'm really curious about.

Good or bad for consumers?

[Suburbanpride]

MY two years with SBC DSl were the worst two years of my life, always down, always slow, laggy on CS. I was glad when my contract was up.

I heard ATT wireless sucked untill it was sold to cingular. If this merger goes through, I wouldn't mind it so much if it meant consumers were going to get better service, but whats the chance of that?

My guess is that this will end up with a lot of layoffs and not much benefit to anyone except for a few large shareholders.

Re:Let's not slide back. Or should we?

[tinrobot]

I think you confuse the current government with those in the past who actually cared about creating competition.

George Bush's FTC will approve the merger. Guaranteed.