Cingular Wins Bid to Buy AT&T Wireless in $41 Billion Deal
Cingular Wireless agrees to acquire AT&T Wireless Services for about 41 billion dollars in cash. The all cash offer values AT&T Wireless at roughly 40.7 billion and creates the largest U.S. cell phone company with about 46 million subscribers. Regulators and shareholders must approve.
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Disney rejects Comcast takeover bid but keeps options open
Disney Board unanimously rejects Comcast's takeover offer while signaling openness to higher terms. The response follows a brief talks offer from Comcast chairman Brian Roberts and notes the swap price undervalues Disney by about 6.6 billion based on prior closing prices. Disney shares rose then fell after the bid.
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