• Level 3 To Acquire Global Crossing For $3 Billion In Stock

    Level 3 Communications has acquired IP solutions and networking provider Global Crossing. The transaction is valued at $23.04 per share, or approximately $3 billion, including the assumption of approximately $1.1 billion of net debt from Global Crossing. The deal was an all-stock transaction. Global Crossing’s networking platform offers businesses VPN, leased lines, audio and video… Read More