Battle for MCI: Verizon Wins (Almost)

Qwest says it is no longer interested in MCI, and has decided that it is going to go its own merry way. It fought hard, and it fought long, but in the end it was like that relationship where a man is obsessed with the damsel, but the gal thinks he is just a gab. Many headlines later, Qwest issued a statement which said – :It is no longer in the best interests of shareowners, customers and employees to continue in a process that seems to be permanently skewed against Qwest. We pursued MCI with tenacity and discipline and feel strongly that our bid would have brought far more value to MCI shareholders.” More here.