Level 3 Communications says it will acquire IP solutions and networking provider Global Crossing. The transaction is valued at $23.04 per share, or approximately $3 billion, including the assumption of approximately $1.1 billion of net debt from Global Crossing. The deal was an all-stock transaction.
Read more from our friend Gary Kim's article posted on the Dark Fiber Community on TMCNet: http://dark-fiber.tmcnet.com/topics/dark-fiber/articles/163080-level-3-communications-buys-global-crossing.htm
Read more about Level 3's current revenue position here.
Read more about the merger benefits here.