....it throws me for a loop.
OK so ATT sells off their ATT Wireless division to Cingular. Which Bellsouth has a controlling interest in. ATT says they want to concetrate on landlines and broadband.
You follow me so far.
So in doing that they start looking for other acquisition to expand on WiFi, Broandband, DSL and phone footprint. So who do they decide to merge with........Bellsouth.
So guess what???
They will end up owning controlling interest in Cingular, thereby owning ATT Wireless again.
So you sell off ATT wireless. Buy it back with extras.
So a year from now I bet you they spin off Cingular.
I have come to the conclusion that todays merger become tomorrows spin off. Yesterdays spin offs will become today merger. Or is it the other way around.
Anyway just thought I'd post this for shits and giggles.