Donna Jaegers News
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Potential acquirers who agree with Corvex Management LP that TW Telecom Inc. is an attractive takeover candidate would have to pay one of the industry’s highest valuations to get a deal done.
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Akamai Technologies Inc., which helps businesses deliver data at faster speeds over the Internet, said Chief Executive Officer Paul Sagan will leave by the end of 2013.
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Akamai Technologies Inc., the operator of a server network that lets businesses speed data delivery, forecast fourth-quarter sales that topped some analysts’ estimates. The shares rose as much as 14 percent.
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Level 3 Communications Inc. gained the most in almost six months after the broadband services provider forecast that 2012 profit by one measure will rise as much as 25 percent as online video drives demand.
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T-Mobile USA Inc., the fourth- largest U.S. wireless carrier, named John Legere as chief executive officer, turning to a phone-industry veteran to reinvigorate growth and challenge Verizon Wireless and AT&T Inc.
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Donna Jaegers of D.A. Davidson & Co. talks with Bloomberg's Pimm Fox and David Wilson about Comcast Corp.'s imposition of a fee on Internet middleman Level 3 Communications Inc., one of the companies that Netflix Inc. has hired to deliver movies and TV shows to Web customers.
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Level 3 Communications Inc ., the unprofitable provider of broadband services, jumped the most in five months after agreeing to buy Global Crossing Ltd . for about $1.9 billion.
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AboveNet Inc., the White Plains, New York-based operator of fiber-optic networks, agreed to be bought by Zayo Group LLC for $2.2 billion after failing to find a buyer last year.
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Akamai Technologies Inc. may finally be cheap enough to lure International Business Machines Corp. or Verizon Communications Inc. as the most speculated U.S. takeover target since 2005 approaches its lowest valuation on record.
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David Kenny, a Yahoo! Inc. board member, said he isn’t a candidate to become chief executive officer at the company, squelching speculation sparked by his resignation last week as president of Akamai Technologies Inc.
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