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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
By: Anthony Garreffa | 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.




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.


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