Alcatel, Lucent finalize $13.4B merger deal

Alcatel and Lucent Technologies have completed their merger negotiations. The merger involves $13.4 billion in stock, about 88,000 employees worldwide (10 percent of whom will be laid off) and one not-yet-determined corporate name. Lucent CEO Patricia Russo will run the company from Alcatel's Paris headquarters. The fate of Lucent's Bell Labs still is not clear. As with other huge deals, such as Hewlett-Packard and Compaq, it will need time to digest.

For more on the deal:
- read this AP article
- read this EE Times article
- read this IDG News article

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