For our 50th episode extravaganza, you get two deals for the price of one (which is nothing!). CenturyLink is buying Level 3 for $34 billion in cash and stock, including debt. Surprised Level 3 is so big? We were too. Bloomberg Gadfly columnist Tara Lachapelle and telecom reporter Scott Moritz explain the businesses of CenturyLink and Level 3 and why a merger makes sense, although maybe not at $34 billion. Plus, Gannett's attempt to buy Tronc has officially failed. Bloomberg Gadfly columnist Brooke Sutherland joins host Alex Sherman once more to shake their heads at the name Tronc...and talk about why the deal failed.

<p>For our 50th episode extravaganza, you get two deals for the price of one (which is nothing!). CenturyLink is buying Level 3 for $34 billion in cash and stock, including debt. Surprised Level 3 is so big? We were too. Bloomberg Gadfly columnist Tara Lachapelle and telecom reporter Scott Moritz explain the businesses of CenturyLink and Level 3 and why a merger makes sense, although maybe not at $34 billion. Plus, Gannett's attempt to buy Tronc has officially failed. Bloomberg Gadfly columnist Brooke Sutherland joins host Alex Sherman once more to shake their heads at the name Tronc...and talk about why the deal failed.</p>

Bloomberg M&A reporters, joined by outside experts and members of Bloomberg's Deals team, examines the week's biggest deals and highlights M&A trends most under scrutiny by Wall Street. He'll talk to reporters who broke Bloomberg's major scoops and interview investors, executives, lawyers and bankers for an inside peek into what's going on inside corporate boardrooms and what it's like working with the world's largest companies and richest people.

Bloomberg M&A reporter Alex Sherman examines the week's biggest deals and highlights M&A trends most under scrutiny by Wall Street.

Deal of the Week

50: CenturyLink Buys Level 3; Gannett Gets Tronced

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/8a2d77ea-67d8-4aee-97e5-ae3900510c12/transcript