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Why Are Lumen Technologies Shares Down Today?

Benzinga LogoBenzinga23h ago

Why Are Lumen Technologies Shares Down Today? - Benzinga

Quick Summary:

Lumen Technologies Inc.(NYSE:LUMN) shares traded lower Tuesday following reports that AT&T is in talks to acquire the company's consumer fiber business.

Lumen's stock initially dropped as much as 13% to $4.26 earlier in the day, bringing its market capitalization to approximately $4.4 billion.Meanwhile, AT&T Inc....

What To Know: The potential deal, which is still in negotiations, could be valued at more than $5.5 billion, though terms are not final and talks may still collapse.

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Article Details

Author / Journalist: Vaishali Prayag

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-25 @ 20:29:01 (23 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 315 words

Reading Time: 2 minutes read

Sentences: 16 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 27338012

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About Benzinga

Benzinga Logo

Main Topics: Technology

Official Website: benzinga.com

Update Frequency: 13 posts per day

Year Established: 2010

Headquarters: United States

News Last Updated: 10 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #53

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  • URL: https://beamstart.com/news/why-are-lumen-technologies-shares-17429350068199

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