It’s night time in Califgornia on a Sunday night – and once again Om Malik has an exclusive (at least to me):
AT&T SBC deal is done
ALERT: WSJ just announced that two companies have reached a tentative deal and it could be announced pretty soon. According to the report, AT&T CEO David Dorman will become the president of the joint company, while SBC Chairman and CEO Ed Whitacre is going to retain those two positions. AT&T will have three board seats on the new combined company’s board. “SBC is expected to keep using the AT&T brand name, at least in dealing with its business customers, because the AT&T name is recognized all over the world. SBC’s brand, by comparison, has little recognition outside its territory of mostly Southwestern and Western states,” The Journal adds. The $15-billion stock plus $ 1 billion cash deal turns SBC into the largest phone company in the US, with presence in local, long distance, wireless and business markets. More to follow later!
Man on Man – those dinosaurs just love to mate and fuck themselves.
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