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A comment on CenturyLink to Buy Level 3 for $34B. Parent comment

Re:CenturyLink to Buy Level 3 for $34B by degenerate on Monday October 31, 2016 @08:13AM (#12836022)
They also just recently laid off 3000 employees due to a "loss of $600 million a year"...

http://finance.yahoo.com/news/centurylink-lay-off-3-000-1305...

Okie Dokie

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Re:CenturyLink to Buy Level 3 for $34B by jacquesm on Monday October 31, 2016 @09:56AM (#12836693)
That's precisely why this acquisition is happening now, they're not doing so well and that means they are (relatively) cheap.
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Re:CenturyLink to Buy Level 3 for $34B by bogomipz on Monday October 31, 2016 @10:45AM (#12837147)
That would true if L3 was acquiring Century Link, but Century is acquiring L3.

From the OPs article link:

"In a memo issued to employees Wednesday, CenturyLink CEO Glenn Post said that sinking legacy revenue has resulted in a loss of $600 million a year for the company."

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Re:CenturyLink to Buy Level 3 for $34B by jacquesm on Monday October 31, 2016 @10:52AM (#12837250)
Ah, silly me! I thought there was something weird about L3 buying them but in a way it's even weirder to see it happen the other way around. Thanks for the correction.
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Re:CenturyLink to Buy Level 3 for $34B by chrishacken on Monday October 31, 2016 @10:05AM (#12836764)
Level 3 is doing phenomenal. I think you have this the other way around.
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