Investment Summary

AT&T Exits Lucent Technologies

On September 30, 1996, invested in technology hardware company Lucent Technologies from AT&T

Investment Highlights
  • This is transaction in the Technology Hardware sector.
  • This is transaction in the United States.
  • This is transaction in New Jersey.
Investment Fate
  • Lucent Technologies merged with another company in 2006 for 13.4B USD.

Investment Summary

Date 1996-09-30
Target Lucent Technologies
Sector Technology Hardware
Sellers(s) AT&T
Deal Type Spin Off

Target

Lucent Technologies

Murray Hill, New Jersey, United States
Lucent designs and delivers communications systems, services and software. Lucent's customer base includes communications service providers, governments and enterprises worldwide.

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Seller(S) 1

SELLER

AT&T

Dallas, Texas, United States

Category Company
Founded 1983
Sector Communications
Employees140,990
Revenue 122.3B USD (2024)
DESCRIPTION
AT&T's corporate headquarters in downtown Dallas, Texas.
AT&T's corporate headquarters in downtown Dallas, Texas.

AT&T is a provider of telecommunications services in the United States and the world. AT&T offers services and products to consumers in the US and services and products to businesses and other providers of telecommunications services worldwide. AT&T was founded in 1983 and is headquartered in Dallas, Texas.


DEAL STATS #
Overall 1 of 24
Sector: Technology Hardware M&A 1 of 1
Type: Spin Off M&A Deals 1 of 3
State: New Jersey M&A 1 of 2
Country: United States M&A 1 of 21
Year: 1996 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1992-05-07 GSN Games

Santa Monica, California, United States

GSN Games presents original and classic game programming and games via its cable network, the digital ad-supported network, Game Show Central, the GameShowNetwork.com website and its position as one of the leading social casino games companies in the world at GSN.com. Its cross-platform content also includes GSN Games’ portfolio of free mobile casual and social games. Game Show Enterprises, the production arm of the network, develops and produces hundreds of hours of original episodes, making Game Show Network the premiere destination for fun, family-friendly programming. Game Show Network is distributed throughout the U.S., Caribbean and Canada by all major cable operators, satellite providers, and telcos. Game Show Network was founded in 1999 and is based in Santa Monica, California.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1997-01-01 NCR Voyix

Atlanta, Georgia, United States

NCR Voyix is a global technology company focused on providing an ATM and POS manufacturer. The company provides products and services that enable businesses to connect, interact and transact with their customers and enhance their customer relationships by addressing consumer demand for convenience, value and individual service. NCR Voyix was founded in 1881 and is based in Atlanta, Georgia.

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