Qwest to offer more cash for MCI

Om Malik | Friday, March 11, 2005 | 1:13 PM PT | 0 comments

Yahoo! News: Looks like Qwest is ready to sweeten the pot and offer more cash for MCI, according to Reuters. The new bid for MCI would value MCI at $24.60 a share, and the bid will be offered to the MCI board next week. Enough to make them “think long and hard,” said one source. “They wanted cash and protection and they’ll have both.” Verizon will have 5 days to counter, and if MCI goes with Q, then VZ gets $200 million for scrapping the merger.

Job Postings

Comments are closed.

Editorial Masthead

Carolyn Pritchard
Managing Editor
Celeste LeCompte
Special Projects Editor
Om Malik
Senior Writer
Stacey Higginbotham
Staff Writer
Wagner James Au
Contributing Editor
Liz Gannes
Staff Writer
Chris Albrecht
Staff Writer
Katie Fehrenbacher
Staff Writer
Josie Garthwaite
Staff Writer
Close
E-mail It