AT&T and AOL on Bloomberg
quote.bloomberg.com
New York, Feb. 26 (Bloomberg) -- AT&T Corp. may be seeking to join with America Online Inc. to increase its presence on the Internet, MPT Review Publisher Louis Navellier said on financial news network CNBC and Business Week magazine reported. AOL is ''how most people get to the Internet,'' and has a high market share of U.S. households, making the company attractive for a joint venture, acquisition or other partnership with AT&T, Navellier said. He told CNBC the most logical candidate to get AOL would be ''a conservative company,'' and AT&T could spin-off some of its operations like it did with Lucent Technologies Inc. to finance the transaction, although Business Week cited unnamed analysts as saying AOL's market capitalization of $83.5 billion could discourage any potential partner.
AT&T, the No. 1 U.S. long-distance phone company, and America Online, the No. 1 online service, both declined to comment. (Business Week online 2/26 www.businessweek.com; CNBC
2/26 www.cnbc.com) |
