Reuters agrees: deal off.
Wednesday May 5, 1:35 pm ET: Mci Worldcom Ends Acquisition Talks With Nextel - Sources
Wednesday May 5, 1:35 pm ET: Mci Worldcom, Nextel Unable to Agree on Terms - Sources
Wednesday May 5 2:01 PM ET: MCI Worldcom, Nextel End Merger Talks
NEW YORK (Reuters) - MCI WorldCom Inc. has ended discussions to acquire wireless phone company Nextel Communications Inc. as the two companies were unable to agree on the terms of a deal, sources familiar with the situation said Wednesday.
MCI WorldCom, the No. 2 U.S. long-distance company, had been in talks for several weeks to acquire Nextel, sources said. The companies met last weekend, but were unable to agree on a price and have since ended discussions on a possible deal, sources said.
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Best wishes,
Tom
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