4 ms·

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-3-000-130509597.htm

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-3-000-130509597.html http://finance.yahoo.com/news/centurylink-lay-off-3-000-1305... Okie Dokie

jacquesm 10y ago
That's precisely why this acquisition is happening now, they're not doing so well and that means they are (relatively) cheap.
- chrishacken 10y ago
  Level 3 is doing phenomenal. I think you have this the other way around.
- bogomipz 10y ago
  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."
  - jacquesm 10y ago
    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.