Three Strikes And Qwest's Out? Probably Not Yet…
from the this-saga-isn't-over... dept
With MCI turning down Qwest’s larger offer for the third time, some may hope that the deal with Verizon is finally set. However, that seems unlikely as the situation is about to get very, very messy. Expect lots and lots of lawsuits to be filed in short order over a variety of issues having to do with this takeover attempt. If you thought the battle by Oracle to take over Peoplesoft got messy, it seems like the Qwest and Verizon courtship of MCI could top it. The only thing that’s likely to come out of it in the short term, however, are massive distractions for all involved. Competitors to all three companies should be thrilled right about now.
