At&T: What Victory Means
The truce between AT&T Corp. and Comcast Corp. in their bidding war for MediaOne Group started with a phone call on the afternoon of Sunday, May 2. Leo J. Hindery, former president of Tele-Communications Inc. and now the top AT&T cable exec, dialed up Comcast CEO Brian Roberts. Hindery, who has known Roberts for 14 years, says he had no doubt that he would get through: "He carries the cell phone into the bathroom." Sure enough, Roberts was at home with his family. The previous evening, MediaOne's board had agreed to accept the AT&T bid, but Comcast still had until May 6 to counter. Hindery suggested that he and Roberts meet in New York to work out a compromise.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.
- These Guys Want to Lend You Money Against Your Bitcoin
- Fed Raises Rates, Eyes Three 2018 Hikes as Yellen Era Nears End
- This Electric Truck Will Probably Beat Tesla’s to Market
- Bitcoin Points Way to ‘Massive Change’ for Commodity Businesses
- Famed Short-Seller Jim Chanos Says Tesla Headed for ‘Brick Wall’