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SBC to acquire AT&T

The boards of SBC Communications and AT&T have approved a deal by which SBC will buy AT&T for about $16 billion. If the deal passes regulatory and shareholder scrutiny, it will create the largest communications company in the U.S. SeattlePI.com (1/31), NYTimes.com (1/31), Chicago Tribune/Associated Press (1/31), Wall Street Journal, The (1/31), Washington Post, The (1/31)