MediaOne Talking to AOL, Microsoft
Posted on September 8th, 2008 by jack
Published reports citing people familiar with the negotiations say the agreements had the blessing of Comcast Corp., which is working to get its $4 billion takeover of MediaOne back on track.
Last month, Comcast announced it was buying MediaOne in a $48 billion stock deal. Its price was recently topped by AT&T Corp., which bid $54 billion in stock and cash. That prompted Comcast to turn to outsiders for help. Besides Microsoft and AOL, Paul Allen has expressed interest.