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Verizon reportedly preparing $100 billion bid to purchase Vodafone's shares in Verizon Wireless

Vodafone's shares in Verizon Wireless could be acquired by Verizon for $100 billion

| Business, Financial & Legal News | Posted: Apr 25, 2013 9:35 am

Reuters have reported that Verizon is looking to buy out Vodafone's 45% share of Verizon Wireless, as Verizon is preparing $100 billion in order to complete the transaction.

 

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Reuters' unnamed sources say that Verizon have hired bank and legal advisers to prepare the bid, raising $50 billion in bank financing plus an additional $50 billion in their own shares. Discussions are said to take place "soon", but if Vodafone aren't willing to play ball, they could take its bid into the public arena.

NEWS SOURCESEngadget.com, Reuters.com

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