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SBC Finalizes Acquisition of AT&T

By Jack Speer
Published January 31, 2005 at 12:00 AM EST

San Antonio-based SBC finalizes a deal to acquire its former parent company AT&T in a deal valued at $16 billion in stock and cash. The companies have not said what will become of the AT&T name, but acknowledged its value as a brand.

Copyright 2005 NPR
National & World News
Jack Speer
Jack Speer is a newscaster at NPR in Washington, DC. In this role he reports, writes, edits, and produces live hourly updates which air during NPR programming.