News for hackers. Stuff that matters.
Re:CenturyLink to Buy Level 3 for $34B by anton_tarasenko on Monday October 31, 2016 @08:44AM (#12836192)
The acquirer issues new shares and gives them to the acquiree's shareholders in exchange for their stake.

In this case, the acquirer also buys out the acquiree's debt. This part of the deal is funded by a loan from Bank of America and Morgan Stanley.

There are no comments on this comment yet.