NTT Buys Verio For $5.5 Billion

NTT Buys Verio For $5.5 Billion

May 8, 2000

1 Min Read

NTT Communications Corporation ("NTT Communications")and Verio Inc. (NASDAQ: VRIO) announced today that the companies have entered into a definitive merger agreement in which NTT Communications will acquire all of the shares of Verio at a price of $60 per share of common stock. The boards of directors of both companies have approved the transaction. The transaction values Verio at approximately $5.5 billion, excluding approximately $500 million attributable to NTT Communications' current shareholdings in Verio.

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