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Read More »Verizon to Pay $1.1B for MCI Stake
NEW YORK – Verizon Communications Inc. (VZ) said Saturday it is paying $1.1 billion to acquire a 13.4 percent stake in MCI Inc. (MCIP) directly from its largest single stockholder. The transaction removes a major wild card in Verizon’s bid to fend off a higher-priced offer to acquire MCI by …
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