|
Headline: Verio finally finds suitor Source: Euromoney Date: February 2001 Author: Antony Currie Acquirer: NTTType of deal: cash acquisition of Verio Amount: $5 billionLaunched: 7 May 2000Advisers: Deutsche Banc Alex Brown Japanese telecoms giant NTT already owned a 10% stake in Verio, the US internet service provider, having financed some of the company’s start-up costs years earlier. Now Verio was up for sale, and had been courting suitors for some time. NTT, whose US strategy was almost non-existent, decided that it could not allow the company to fall into anyone else’s hand. |
Access intelligence that drives action
To unlock this research, enter your email to log in or enquire about access
