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CenturyLink is tanking after announcing a huge merger

CenturyLink is crashing after announcing a huge merger.

The companies behind 2 massive deals are using one word that should make employees nervous

Two big deals were announced Monday between GE and Baker Hughes as well as CenturyLink and Level 3 Communications — and they come with some synergies.

CenturyLink is buying Level 3 Communications for $34 billion

The phone company said its acquisition of the internet-service provider would give it an additional 200,000 route miles of fiber.