MCI WorldCom may jump into cable fray

 

latest developments

MCI WorldCom is reportedly considering a bid for MediaOne, the cable firm that has gathered multibillion-dollar offers from both Comcast and AT&T. Comcast has until Thursday to counter AT&T's $85-per-share bid. "I highly doubt they [MCI WorldCom] would be favorably disposed toward an alliance." - Greg Miller, an analyst at Jefferies & Co., in a Bloomberg report.

Will MCI WorldCom bid for MediaOne? update The long distance phone company may join Comcast in an attempt to outbid AT&T for MediaOne Group, a person familiar with the companies' plans says. The man behind the MediaOne merger Behind AT&T's bid for MediaOne is one former cable executive who has played both deal-maker for Ma Bell and deal-breaker for Comcast. MediaOne-AT&T deal pushes Comcast aside update MediaOne Group accepts AT&T's $62 billion buyout bid, triggering a countdown for fellow cable operator Comcast to counter or walk away. MediaOne in talks with AOL, Microsoft update MediaOne confirms it has entered a confidentiality agreement with Microsoft and AOL for possible merger talks. (April 30, 1999) MediaOne to negotiate deal with AT&T update The cable operator currently juggling takeover bids from AT&T and Comcast signs on to a confidentiality agreement with the long distance giant. (April 26, 1999) Net leaders try to stake a high-speed claim news analysis The bidding war over MediaOne has relegated some of the Internet's most powerful firms to the broadband sidelines. (April 27, 1999) AT&T makes surprise bid for MediaOne update The long distance giant makes a surprise bid for cable company MediaOne, hoping to disrupt last month's merger agreement between MediaOne and Comcast. (April 23, 1999) Comcast to buy MediaOne in $60 billion deal update The fourth largest U.S. cable provider agrees to acquire MediaOne Group, the third biggest U.S. cable firm, in a $60 billion stock deal that would create a broadband communications firm. (March 22, 1999)