9,082
edits
Changes
→GTE/BBN Merger
==GTE/BBN Merger==
==GTE/BBN Merger==
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>
==BBN Re-established as Independent Company==
On March 26, 2004, BBN was re-established as an independent company after the BBN Management together with Accel Partners and General Catalyst Partners acquired the company from Verizon Communications. Tad Elmer was named President and CEO of BBN.<ref>[http://goliath.ecnext.com/coms2/gi_0199-176216/BBNT-Solutions-LLC-Acquisition-Finalized.html BBNT Solutions, LLC Acquisition Finalized; BBN Becomes Independent...]</ref>
==References==
==References==
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