In a move that has corporate Oedipus complex written all over it, SBC Communications is looking to acquire AT&T, according to a report by The Wall Street Journal (paid subscription).

The business newspaper claims that executives of both companies have been talking over the past few weeks. The acquisition is valued at over $15 bn.

AT&T is what remains of America's late monopolistic telephone company. The enterprise was broken up after which several local "Baby Bells" emerged, including SBC. In recent years several of the Baby Bells have merged or were acquired.

27 Jan 2005