Verizon prepares $100 billion bid for Verizon Wireless takeover

Verizon Wireless Acquisition Vodafone Stake

Verizon Wireless is preparing to offer $100 billion to acquire Vodafone’s stake in the companies’ U.S. joint venture, Verizon Wireless. Verizon currently owns 55% of the nation’s top wireless carrier and it has hired advisors to help it prepare the bid for Vodafone’s 45% stake, Reuters reported. Earlier reports suggested Verizon and Vodafone were discussing various ways the two might resolve their relationship, but issues over valuation were holding up discussions. According to this new report, Verizon is now prepared to pursue Vodafone’s Verizon Wireless stake more aggressively. “It hopes to start discussions with Vodafone soon for a friendly agreement but is prepared to take a bid public if the British company does not engage,” an unnamed source told Reuters.

Source:
Reuters
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