Comcast, AOL May Make Joint Offer for MediaOne, CNBC Says
Technology News
Mon, 26 Apr 1999, 4:33pm EDT
Comcast, AOL May Make Joint Offer for MediaOne, CNBC Says
New York, April 26 (Bloomberg) -- Comcast Corp. President
Brian Roberts is focusing on a partnership with America Online
Inc. as his best hope for a counter bid to AT&T Corp.'s
unsolicited offer for MediaOne Group Inc., financial news network
CNBC reported, citing unidentified sources ''close to Comcast.''
CNBC said sources told it there is a 50 percent chance for such a
joint bid, as AOL would want equal, if not outright control of
the combined entity, something Comcast would not want to give up.
Neither Comcast or AOL officials would comment on the matter,
CNBC said.
AT&T made an unsolicited $62.5 billion bid for Englewood,
Colorado-based MediaOne last week, which topped Comcast's earlier
bid of $56.5 billion.
(CNBC 4/26 www.cnbc.com)
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