Goobe, Who’s Next? Level 3

Google’s tactical admission of middle age has everyone guessing who they are going to buy next. The kookiest of them all is Level 3 Communications, since they have all that fiber and connections within connections etc etc. Wall Street is buzzing with rumors about this, based on some analyst firm’s contention that the deal would make sense. Janco Partners analyst Donna Jaegers tells Denver Business Journal that it is just crazy talk. Sure Google could use all that fiber to build a big-honking GoogleNET but the deal is expensive. $6.3 billion in debt, and $6.18 billion in market capitalization. Yeah, that is too much for Google to take on. But then they bought YouTube!

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