In 1997, GTE Corporation (later became [[Verizon]] Communications) acquired BBN for approximately $616 million. The transaction was approved by BBN stockholders and the company became part of GTE Internetworking business unit. BBN CEO and President George Conrades was appointed Corporate Executive Vice-president and president of Internetworking.<ref>[http://news.cnet.com/GTE-BBN-merger-complete/2100-1001_3-202429.html GTE-BBN Merger Complete]</ref> | In 1997, GTE Corporation (later became [[Verizon]] Communications) acquired BBN for approximately $616 million. The transaction was approved by BBN stockholders and the company became part of GTE Internetworking business unit. BBN CEO and President George Conrades was appointed Corporate Executive Vice-president and president of Internetworking.<ref>[http://news.cnet.com/GTE-BBN-merger-complete/2100-1001_3-202429.html GTE-BBN Merger Complete]</ref> |