MCI Accepts Takeover Bid From Verizon

SAN FRANCISCO – MARCH 29: The Verizon logo is seen at a Verizon Wireless store March 29, 2005 in San Francisco. MCI Inc. accepted a $7.64 billion takeover proposal from Verizon Communications Inc. on Tuesday that raises the price tag by $1 billion, but is still nearly a billion dollars shy of the latest bid from Qwest Communications International Inc. (Photo by Justin Sullivan/Getty Images)

Author: vijayanand