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CNBC: Verizon in talks to buy Alltel for $27 billion.

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Seeking Serenity Donating Member (1000+ posts) Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list Wed Jun-04-08 03:27 PM
Original message
CNBC: Verizon in talks to buy Alltel for $27 billion.
Source: Arkansas Business

CNBC is reporting that Verizon in talks to buy Alltel Corp. of Little Rock for $27 billion.

Verizon and Alltel would not comment for CNBC's story, which quoted "people close" to the buyout talks.

"Sources told CNBC that the sponsors are willing to sell only six months after they closed the deal because they'll get a slight premium to their equity investment, and there is a broad desire within private equity these days to generate a return when one is available.

"While the premium for the equity may be slight, given the enormous leverage in the deal, the returns would seem to be good ones for TPG and Goldman."



Read more: http://arkansasbusiness.com/article.aspx?lID=64&sID=65&...

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   Replies to this thread
   It's wonderful how deregulation brings us more competition. Let the markets rule!  Mountainman   Jun-04-08 03:34 PM   #1 
   Verizon is one of the Bush spy enablers.  MasonJar   Jun-04-08 04:31 PM   #2 
   Heh Heh  ribofunk   Jun-05-08 10:46 AM   #3 
      It's official  muddleofpudd   Jun-05-08 11:23 AM   #4 
 
Mountainman (1000+ posts) Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list Wed Jun-04-08 03:34 PM
Response to Original message
1. It's wonderful how deregulation brings us more competition. Let the markets rule!
Edited on Wed Jun-04-08 03:36 PM by Mountainman



:sarcasm:

Did regulation ever prove to be good for the consumer?

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MasonJar Donating Member (1000+ posts) Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list Wed Jun-04-08 04:31 PM
Response to Original message
2. Verizon is one of the Bush spy enablers.

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On the Road Donating Member (1000+ posts)  Journal Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list Donate to DU! Thu Jun-05-08 10:46 AM
Response to Original message
3. Heh Heh
Little Alltel is the company running all those sophomoric TV ads depicting their competitors as a bunch of hapless geeks. Verizon obvious has taken the approach: "OK, Ace. How bout we just BUY you?" (As a Verizon employee, I have to say that the only thing more annoying that you "can you hear me" guy is the Alltel spokesman.)

Seriously, I think this is about market share. When SBC bought AT&T, they leapfrogged over Verizon to become the #1 wireless carrier domestically. Alltel has about 16% market share and is growing rapidly. This is a good acquisition.


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Seeking Serenity Donating Member (1000+ posts) Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list Thu Jun-05-08 11:23 AM
Response to Reply #3
4. It's official
http://www.democraticunderground.com/discuss/duboard.ph...

Alltel was just bought out by that equity firm, what, six months ago?

I've heard of flipping houses, but flipping corporations?

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DU AdBot (1000+ posts) Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list Wed Feb 10th 2010, 01:34 AM
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