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.
July 1, 2005 |
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.
September 18, 2002 |
Comcast Corp.'s planned $56-billion purchase of AT&T Corp.'s cable television business cleared a regulatory hurdle at the Justice Department, the companies said. The waiting period under the Hart-Scott-Rodino antitrust act expired at midnight. The Federal Communications Commission still must approve the acquisition. Special Class A shares of Philadelphia-based Comcast rose 43 cents to $23.73 on Nasdaq. AT&T shares rose 31 cents to $12.63 on the NYSE.