Bloomberg the Company

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Follow Us

Industry Products

Businessweek Archives

At&T And Aol Hang Up For Now


In Business This Week

AT&T AND AOL HANG UP FOR NOW

AT&T IS NOT OPTIMISTIC about a deal to buy America Online, says an AT&T insider, "unless the world changes dramatically." Still, reports that the telecommunications giant had expressed interest in buying the online kingpin sent AOL's shares soaring 5% on June 17. While confirming that the two companies did discuss the possibility of a sale, AT&T sources say negotiations stalled primarily because AOL CEO Stephen Case wants to retain control over his company. With AOL, AT&T would get 12 million cybernauts and could bundle its communications services with AOL's Net service. And if AOL teamed up with AT&T, it could save as much as $1 billion annually in network charges.EDITED BY PAT WECHSLER


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus