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Tue, 4 May 1999, 12:26am EDT
MCI WorldCom May Join Comcast in Bid for MediaOne, NYT Says
Jackson, Mississippi, May 3 (Bloomberg) -- MCI WorldCom
Inc., the No. 2 long-distance company, is seriously considering
joining Comcast Corp. in its bid to acquire MediaOne Group, the
New York Times reported, citing executives close to the
negotiations. MCI WorldCom was close to signing a confidentiality
agreement with MediaOne tonight for it to review financial
information. America Online Inc. and Paul Allen, Microsoft
Corp.'s co-founder, have dropped out of talks with Comcast, which
is trying to top AT&T's $62.5 billion bid for MediaOne, the New
York Times reported.
MediaOne Group, the fourth-largest U.S. cable-television
company, said it will sell itself to AT&T unless Comcast can come
up with a better offer by Thursday.
(NYT 5/4 www.nytimes.com)
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