On November 4th, 1997, MCI and Worldcom merged in a deal worth $37 billion. This was an attempt by two large telecommunications companies to to combine and rival AT&T, but instead it turned into one of the biggest scandals and bankruptcies of its era. On July 21, 2002, the combined company went bankrupt, setting a record at the time as the largest bankruptcy in history.
The MCI Worldcom merger, bankruptcy, and scandal










