CenturyLink in Advanced Talks to Merge With Level 3 Communications
28 October 2016 - 4:50AM
Dow Jones News
By Dana Mattioli and Dana Cimilluca
CenturyLink Inc. is in advanced talks to merge with Level 3
Communications Inc., a deal that would give the telecommunications
companies greater heft in a brutally competitive industry.
A deal could be announced in the coming weeks, according to
people familiar with the matter. As always, there's a possibility
the talks could fall apart.
Terms of the deal could not be learned. As of Thursday afternoon
before the Journal's report of the talks, Level 3, based in
Broomfield, Colo., had a market value of $16.8 billion.
CenturyLink, based in Monroe, La., was worth $15.2 billion.
Write to Dana Mattioli at dana.mattioli@wsj.com and Dana
Cimilluca at dana.cimilluca@wsj.com
(END) Dow Jones Newswires
October 27, 2016 13:35 ET (17:35 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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