No Deal For Excite@Home And AT&T?
from the here-come-the-lawyers dept
Not so fast. It seems that not everyone is happy about Excite@Home’s plan to sell out to AT&T. Excite@Home’s creditors felt they should have been consulted first. Considering Excite@Home owes them over $1 billion, they probably have a point. They point out that AT&T has a bit of a conflict of interest in the matter, considering they were both the controlling shareholder and the lead bidder for the assets. The deal will still probably go through, but there will be a bunch of legal wrangling first. Yet another reason why I wouldn’t feel comfortable signing up for @Home’s cable modem service right now…
