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Update: WorldCom to Buy Intermedia for About $3 Billion in Stock
Updated from 8:23 a.m. EDT
Moving to gain control of Digex (DIGX Quote), a Web hosting company, WorldCom (WCOM Quote) announced Tuesday that it would acquire Intermedia Communications (ICIX Quote), a telecommunications operator, in a stock deal valued at about $3 billion.
But Brad Burns, a spokesman for WorldCom, said, "We're not acquiring Digex outright." ...
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