MCI WorldCom, Inc. (later MCI), was known as a high-flying company, having had its roots in a small local company and rising to one of the world’s largest communications giants. The company’s spectacular growth was accomplished through a string of business combinations. However, not all went as planned, and MCI is no longer an independent company.
Provide a brief history of, and indicate subsequent events related to, MCI WorldCom. Include in your discussion the following:
a. Trace the major acquisitions leading to MCI WorldCom and indicate the type of consideration used in the acquisitions.
b. Who is Bernard Ebbers, and where is he now?
c. What happened to MCI WorldCom, and where is it now?