Davox Message Board - Msg: 9087531

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Technology Stocks : Davox

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To: g.w. barnard who wrote (418)	4/22/1999 5:37:00 PM
From: g.w. barnard	Read Replies (2) of 439

To All: ATT just offered Media One and offer of 58 billion geez this could be great news for davox (if they can maintain there existing contract with media one). gw NEW YORK, April 22 (Reuters) - Long distance and cable television giant AT&T Corp. (T - news) on Thursday offered to buy cable company MediaOne Group Inc. (UMG - news) for $58 billion in cash and stock, in an attempt to break up MediaOne's proposed merger agreement with Comcast Corp. AT&T, which recently acquired Tele-Communications Inc. for $55 billion, said its offer represents a premium of 17 percent, or $8.6 billion, over the current value of Comcast's offer and 26 percent over MediaOne's current trading price.

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