M&A Deal Summary

MCI inc. Acquires CompuServe

On September 8, 1997, MCI inc. acquired internet software and services company CompuServe from H&R Block for 1.2B USD

Acquisition Highlights
  • This is MCI inc.’s 1st transaction in the Internet Software and Services sector.
  • This is MCI inc.’s 5th largest (disclosed) transaction.
  • This is MCI inc.’s 3rd transaction in the United States.
  • This is MCI inc.’s 1st transaction in Ohio.

M&A Deal Summary
Date 1997-09-08
Target CompuServe
Sector Internet Software and Services
Buyer(s) MCI inc.
Sellers(s) H&R Block
Deal Type Divestiture
Deal Value 1.2B USD

Target

CompuServe

Columbus, Ohio, United States
CompuServe is a provider of internet connectivity for individuals and businesses. It was formed in 1969 and is based in Columbus, Ohio.

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Buyer(S) 1

Buyer

MCI inc.

Ashburn, Virginia, United States

website

Category Company
Sector Communications
DESCRIPTION

MCI Inc. is a provider of communications connectivity to businesses, governments and consumers. The Company was formerly known as MCI WorldCom.

DEAL STATS #
Overall 3 of 7
Sector (Internet Software and Services) 1 of 1
Type (Divestiture) 2 of 2
State (Ohio) 1 of 1
Country (United States) 3 of 7
Year (1997) 1 of 3
Size (of disclosed) 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1997-03-01 DCA Services

Oklahoma City, Oklahoma, United States

DCA Services is a provider of billing and back office outsourcing solutions for the telecommunications industry. Created in 1987 after the court-ordered breakup of AT&T and the Bell Operating Companies, DCA Services offers communications resellers and facilities-based carriers a means by which to process billing in a client/server based service bureau environment.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1997-10-01 Brooks Fiber Properties

St. Louis, Missouri, United States

Brooks Fiber Properties, Inc. is a provider of competitive local telecommunications services, with an emphasis on secondary markets, by aggressively pursuing switched services opportunities, further building out existing systems and expanding service offerings.

Buy $2.4B

Seller(S) 1

SELLER

H&R Block

Kansas City, Missouri, United States

website

Category Company
Founded 1955
Sector Consumer Services
Employees3,800
Revenue 3.5B USD (2022)
DESCRIPTION
H&R Block's corporate headquarters in Kansas City, Missouri.
H&R Block's corporate headquarters in Kansas City, Missouri.

H&R Block is a provider of income tax return preparation and related services and products via a network of approximately 13,000 company-owned and franchised offices and through TaxCut online and software solutions. H&R Block was formed in 1955 and is based in Kansas City, Missouri.

DEAL STATS #
Overall 1 of 4
Sector (Internet Software and Services) 1 of 1
Type (Divestiture) 1 of 4
State (Ohio) 1 of 1
Country (United States) 1 of 4
Year (1997) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1997-04-17 Option One Mortgage

Santa Ana, California, United States

Option One Mortgage is a high-risk mortgage lender. The Company was formed in 1992 and is based in Santa Ana, California.

Buy $190M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-07-01 RSM McGladrey

Bloomington, Minnesota, United States

RSM McGladrey, Inc. is a consulting firm that provides a variety of services to small and medium sized business. Services include accounting, audit, tax preparation and planning, and wealth management.

Buy -
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