Wireless

by Derek Kerton




MCI Accepts Qwest's Latest Offer

MCI's board has accepted Qwest's latest offer of $9.7B which me mentioned on Friday had an increased proportion of cash versus equity. Now, apparently, they are giving Verizon 5 days to counter. Um...someone please explain to me the usage of the word "accept" in this ongoing debacle. If, for example, I bid on a new house, and the seller "accepts" my bid, does that mean they now go out to other buyers and ask for more? I'm not sure exactly how the MCI board is using the word "accept", but in my lexicon, I think it would be "Got your note. Thanks for the offer. Hang on a minute."

Add Your Comment

Have a Techdirt Account? Sign in now. Want one? Register here
Get Techdirt’s Daily Email
Use markdown for basic formatting. HTML is no longer supported.
  Save me a cookie
Follow Techdirt
Insider Shop - Show Your Support!

Advertisement
Report this ad  |  Hide Techdirt ads
Essential Reading
Techdirt Deals
Report this ad  |  Hide Techdirt ads
Techdirt Insider Chat
Advertisement
Report this ad  |  Hide Techdirt ads
Recent Stories
Advertisement
Report this ad  |  Hide Techdirt ads

Close

Email This

This feature is only available to registered users. Register or sign in to use it.