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MCI Accepts Verizon's Takeover Bid

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MCI Accepts Verizon's Takeover Bid

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MCI Accepts Verizon's Takeover Bid

MCI Accepts Verizon's Takeover Bid

  • Download
  • <iframe src="https://www.npr.org/player/embed/4565773/4565774" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">

The board of MCI, the nation's second-largest long-distance phone company — agrees to a revised takeover bid from Verizon. The new bid is $900 million higher than the company's previous offer and values MCI at about $7.6 billion.