Telefónica says that it has not received "any approach, nor any indication of interest, neither verbal nor in written form, from any party."
The reported $93 billion (70 billion euros) acquisition effort by AT&T was said by one report to have been blocked by Spanish legislators.
Reports such as that of an AT&T bid for Telefónica can happen for all sorts of reasons, sometimes essentially as trial balloons by would-be dealmakers, sometimes only because firms engage in "what if" exercises.
Still, the rumors come as a merger wave is thought to be coming, in the European Union.
Monday, June 17, 2013
Telefonica Denies Talk of a AT&T Takeover Bid
Gary Kim has been a digital infra analyst and journalist for more than 30 years, covering the business impact of technology, pre- and post-internet. He sees a similar evolution coming with AI. General-purpose technologies do not come along very often, but when they do, they change life, economies and industries.
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