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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

Anthony Garreffa | Apr 25, 2013 at 04:35 am CDT (0 mins, 24 secs reading time)

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.

Verizon reportedly preparing $100 billion bid to purchase Vodafone's shares in Verizon Wireless | TweakTown.com

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.

Last updated: Apr 7, 2020 at 11:35 am CDT

Anthony Garreffa

ABOUT THE AUTHOR - Anthony Garreffa

Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering.

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