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WorldCom acquires Intermedia for $3B

ZDNN Staff | September 5, 2000 12:00 AM PDT

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ZDNN Staff, Technology News
WorldCom Inc. has agreed to acquire Intermedia Communications Inc. in a deal worth $3 billion in cash and stock. WorldCom will also take on $3 billion in debt through the deal. The deal gives WorldCom, the second largest long-distance carrier in the United States, control over Intermedia subsidiary Digex, a provider of managed Web and application hosting services. Full story. -- Margaret Kane, ZDII

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