1997day.year
WorldCom and MCI Communications announce a $37 billion merger (the largest merger in US history at the time).
In 1997, WorldCom and MCI Communications announced a $37 billion merger, creating the largest U.S. corporate deal at that time.
The merger between WorldCom and MCI Communications was officially unveiled on November 10, 1997, reshaping the telecommunications industry. Valued at $37 billion, it surpassed all previous U.S. mergers and positioned the combined entity as a global leader in long-distance services. Investors and competitors alike watched closely as the deal promised significant cost savings and expanded market reach. Regulatory approvals were swiftly pursued amidst concerns over market dominance. The merger set the stage for the telecom boom of the late 1990s and influenced future corporate consolidations. It became a landmark case study in merger strategy and regulatory negotiation.
1997
WorldCom
MCI Communications