XO filed a motion in the Delaware bankruptcy court Friday seeking Gore’s disqualification as a bidder for the C&W assets, saying Gores attempted to skew the process by luring away XO’s chief acquisition strategist with a lucrative job offer.
C&W announced in December that it was entering Chapter 11 to ease the sale of the American business to Gores, which promised to pay $50m in cash and a $75m loan note for the two companies that comprise C&W America.
XO has a particular interest in C&W America’s network business, and has spent the last couple of months figuring out whether it should join the bankruptcy bidding or wait until Gores had closed the deal before buying just the assets it wants.
This article is based on material originally published by ComputerWire
