Word: outbidding
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...LDDS counted many of America's largest corporations as customers for its vast voice and data network and, after buying IDB, grandly renamed itself WorldCom. It then acquired UUNET, one of the world's largest Internet hookup firms, along with AOL's Internet networking division. Ebbers then brashly outbid British Telecom to grab MCI, using as currency his WorldCom stock, whose value skyrocketed 7,000% during the 1990s...
...outbid American phone giant Bell Atlantic for control of AirTouch Communications, then turned around and hooked up with Bell Atlantic to combine both companies' wireless networks in the U.S. under the Verizon umbrella...
...Kansas City" in 1959, seven years after Little Willie Littlefield recorded it as "K.C. Lovin?." "Hound Dog," written for Big Mama Thornton, and "Love Me," for Willy and Ruth, were covered by Elvis Presley (whose Sun contract Ertegun had tried to buy, in 1955, for $25,000; RCA, which outbid him by $20,000, got a quick and lasting return on its investment). And somewhere beyond the sea, Edith Piaf would translate "Black Denim Trousers," which L&S wrote for The Cheers (featuring future Broadway "Cabaret" star and game-show host Burt Convy) into "L?Homme ? Moto." When they...
Weird, huh? Not in the age of globalization--for that, in effect, is what the General Electric Co., United Technologies Corp. and Honeywell International Inc. have just done. Last year GE outbid UTC for Honeywell; American antitrust authorities approved the merger. But--though the game isn't over--the deal appears to have been nixed by the competition division of the European Commission in Brussels, which is headed by an Italian, Mario Monti. (To continue the Connecticut theme, Monti studied at Yale.) For more than 10 years, the commission has claimed jurisdiction over any merger between firms whose combined global...
...After which, UPN announced its newest acquisition... the WB's "Roswell," which came not with the romance of having been spirited off by a suitor who outbid a rival in a heated moment, but by the more prosaic route of having been cancelled. It's a welcome respite for the endearing sci-fi romance and its winning cast, but it does tend to undermine UPN's argument, which is that this is the type of UPN show that inspires devotion in viewers. Just not enough to keep it on the air at another network the same size...