CenturyLink $34 billion acquisition of Level 3 Communications

Overview:

• Telecommunications company CenturyLink has acquired Level 3 Communications in a $34 billion deal.
• The price tag includes the assumption of Level 3's debt.
• BofA Merrill Lynch and Morgan Stanley were CenturyLink's financial advisers, while Citigroup acted as financial adviser for Level 3 and Lazard provided a fairness option.
• The deal is expected to close by the end of the third quarter of 2017.

Kurt Stumpo - Journalist