Battle for MCI: Verizon is Back, MCI likes it

The New York Times reports that Verizon has offered $26 a share, up from its previous offer of $23.10 a share. Qwest has offered to pay $9.8 billion, or $30 a share, for MCI. MCI believes that Verizon deal is better, and is going with that. “MCI’s Board noted that a large number of MCI’s most important business customers had indicated that they prefer a transaction between MCI and Verizon rather than a transaction between MCI and Qwest,” the statement said. Waiting for Qwest to respond….

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