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BUSINESS
March 13, 1999
AT&T Corp. got clearance from the Justice Department to buy IBM Corp.'s global communications network for $5 billion, with no conditions attached. AT&T says it could receive $2.5 billion in additional revenue in the first full year of operating the network.
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BUSINESS
July 1, 2005 | From Associated Press
AT&T Corp. shareholders approved the company's $16-billion acquisition by SBC Communications Inc., which would create one of the world's largest phone companies. The merger has won regulatory approval in 26 states and still needs OKs from 10 additional states and the federal government. If it is approved, closing is expected late this year or early next year.
BUSINESS
June 22, 2001 | Bloomberg News
Liberty Media Corp., the creator and distributor of television programs that's being spun off from AT&T Corp., agreed to buy cable systems in Germany from telephone company Deutsche Telekom. Terms weren't disclosed. The agreement replaces a February accord under which Liberty and another investor were to buy 55%. Analysts estimate Liberty might pay 5.5 billion euros ($4.7 billion) for the cable systems with 10 million customers.
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