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CenturyLink to buy Level 3 for about $24 billion

November 01, 2016

NEW YORK— CenturyLink said Monday that it will pay about $24 billion to buy telecommunications company Level 3, in an effort to expand its services for businesses. CenturyLink provides internet, TV and phone services to consumers, as well as data and IT services for businesses. Shares of CenturyLink Inc. fell $3.70, or 12.2 percent, to $26.67 in midday trading...

Source: http://www.cnbc.com/2016/10/31/the-associated-press-centurylink-to-buy-level-3-for-about-24-billion.html
 
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