Nah, it's just part of the greater scheme of things of globalisation. Everything in the US is for sale or export, jobs, secrets, technology, sovereingty, our corporations. Next week we will be holding an auction to sell Hawaii, California, Alaska, the Louisiana territory. Oh and yes, we are giving the Southwest back to Mexico. Ain't free trade great?
ST Telemedia agreed earlier this year to pay $250 million to purchase a 61.5 percent stake in Global Crossing. According to various reports, their fiber optic network plant was valued as high as $22B. About one cent on the dollar.
Pretty good deal for the foreign-government buyer. Not exactly the best deal for the creditors. Icahn offered more ($750M). Lot of swing in those numbers. Probably enough to influence a federal bankruptcy judge, maybe a few Senators, a Richard Perle, etc.