Alltel agrees to $24.8 billion buyout (AP) Comments

Yahoo! News: Technology News - May 21, '07 11:21am
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The headquarters of Alltel Corp. in an undated photo. Wireless company Alltel said on Sunday it had agreed to be bought by TPG Capital and the buyout arm of Goldman Sachs for about $25 billion, making it the latest U.S. corporate giant to fall into private equity hands. REUTERS/HandoutAP - A pair of investment firms have agreed to acquire Alltel Corp., the fifth-biggest U.S. wireless company and owner of the nation's largest geographic network, in a deal worth $24.8 billion.


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