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MCI Accepts $7.6 Billion Takeover Bid from Verizon

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MCI Accepts $7.6 Billion Takeover Bid from Verizon

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MCI Accepts $7.6 Billion Takeover Bid from Verizon

MCI Accepts $7.6 Billion Takeover Bid from Verizon

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  • <iframe src="https://www.npr.org/player/embed/4566427/4566428" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">

MCI approves a sweetened takeover offer from telecommunications giant Verizon. The $7.6 billion offer still lags nearly a billion dollars behind a rival bid from Qwest Communications, but MCI's board cited Verizon's strong competitive position and its ability to close the deal.