EU panels clears MCI plan to sell Internet assets
Article Abstract:
MCI Communication Corp.'s plan to sell its Internet assets, as a step toward its proposed $37 billion merger with WorldCom Inc., was approved by the usually hardline European Union's antitrust regulators in Brussels. But EU officials still will require that MCI and WorldCom meet a number of conditions, such as an assurance that both companies will not recruit customers they are to relinquish, the sale of MCI's corporate and consumer accounts, and MCI's divestiture of its Intranet corporate networking business.
Comment:
WorldCom moves toward merger with MCI after EU regulators give approval with conditions
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1998
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AOL is in talks to acquire Mirabilis, maker of popular Internet-chat system
Article Abstract:
America Online Inc. (AOL) is close to reaching an agreement to purchase Mirabilis Ltd., a start-up company based in Israel. Mirabilis produces a highly-popular Internet-based chat network. AOL is negotiating to acquire Mirabilis for approximately $300 million in a cash and stock deal. Mirabilis produces the ICQ software program, which is a sort of pager based on the Internet.
Comment:
AOL close to reaching an agreement to purchase Mirabilis Ltd. for approximately $300 million
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1998
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MCI is selling wholesale Internet unit, but European trust issues may remain
Article Abstract:
MCI Communications Corp. reported the sale of its wholesale Internet business to Cable and Wireless PLC. The deal will need to be approved by European antitrust regulators. MCI said that Cable and Wireless will be paying $625 million in cash. Competitors said that the deal lessens the Internet threat posed by MCI's merger with WorldCom Inc., but does not go far enough.
Comment:
Will acquire MCI's Internet business
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
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