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Bloomberg: Verizon and Vodafone in talks over possible merger or buyout

Published Mar 5th, 2013 12:20PM EST
Verizon Vodafone Merger Buyout

Verizon (VZ) and Vodafone are reportedly actively discussing ways to resolve their relationship this year, Bloomberg reported on Tuesday. The companies, which jointly own top U.S. wireless carrier Verizon Wireless, have discussed merging as well as the possibility of a full or partial buyout of Vodafone’s 45% stake. Disagreements regarding leadership and the location of the merged entity’s headquarters have reportedly made a merger unlikely. “Verizon is eager to take full control of the unit this year, giving the New York-based company greater influence over its most profitable division,” Bloomberg’s Jeffrey McCracken, David Welch and Matthew Campbell wrote. According to the report, Vodafone has raised issues regarding valuation as well as how proceeds from the sale might be used. Vodafone’s stake is currently valued at about $115 billion according to the report, and the most likely outcome of the talks is said to be either a full or partial sale.

Zach Epstein
Zach Epstein Executive Editor

Zach Epstein has been the Executive Editor at BGR for more than 10 years. He manages BGR’s editorial team and ensures that best practices are adhered to. He also oversees the Ecommerce team and directs the daily flow of all content.

Zach first joined BGR in 2007 as a Staff Writer covering business, technology, and entertainment. His work has been quoted by countless top news organizations, and he was recently named one of the world's top 10 “power mobile influencers” by Forbes. Prior to BGR, Zach worked as an executive in marketing and business development with two private telcos.