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July 16, 2000 11:00 AM PDT

Global Crossing ends talks with Exodus on unit sale

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The fiber-optic company has ended talks to sell its Web-hosting unit to Exodus Communications for $6.6 billion in stock because the price was too low, people familiar with the discussions say.

The story "Global Crossing ends talks with Exodus on unit sale" published July 16, 2000 at 11:00 AM is no longer available on CNET News.

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