The prospect of a mega-merger between Alcatel and Lucent edged closer yesterday, when board members from both companies approved further talks.
But sources suggest that the nearly all-share deal, which would value Lucent at $34bn, still only has a 50:50 chance of going ahead.
The merger, which would create a $77bn giant with a market share of over 50 per cent, is almost certain to attract attention from the US Monopolies Commission.
There are also security considerations, and concerns over US job cuts following reports that the combined company would look to make savings of up to $4bn a year.
The proposed merger took a political turn earlier this week when US Senator Robert Torricelli, a democrat from New Jersey, said that he was concerned about a "foreign takeover" of Lucent, given its position as a developer of security and encryption products for the US Government.
The senator said that Lucent should partner with a US company.
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Genuinely useful side-arm coming to PUBG in Update #23