Monday, March 6th, 2006, 8:12 am
AT&T Devour BellSouth
A major takeover was announced last night, which is difficult to ignore.
AT&T said Sunday it will acquire fellow phone company BellSouth in a stock deal worth $67 billion, creating a telecommunications giant that dwarfs its nearest competitor, Verizon Communications.
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Other takeovers and acquisitions: Adobe-Macromedia, eBay-Skype.
Recent partnerships, mended or broken: Google joins forced with AOL whereas Microsoft drifts away from NBC.