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April 21st, 2008

Who acquired whom?

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Posted by: The Good, the Bad, & the Ugly Editor
Tags: The Good, the Bad, and the Ugly, , ,

AT&T to axe about 4,600 jobs, take charge

AT&T, which posted a 2007 fourth-quarter profit of $3.1 billion, has made several acquisitions in recent years, including SBC Communications and BellSouth.

You’ve got it wrong. AT&T did not acquire SBC (Southwestern Bell Corp.). Quite the opposite. SBC acquired what remained of AT&T. A baby bell ate its parent.

B.M.

We did indeed get it wrong. We corrected our story to make clear that SBC bought AT&T and took its name: GBU Editor

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