Featured Articles

HP Stream is a Chromebook killer priced at $200

HP Stream is a Chromebook killer priced at $200

We have been hearing reports of a new breed of affordable Windows notebooks for months. It is alleged that a number…

More...
AMD Radeon R7 SSD line-up goes official

AMD Radeon R7 SSD line-up goes official

AMD has officially launched its first ever SSDs and all three are part of AMD’s AMD Radeon R7 SSD series.

More...
KitKat has more than a fifth of Android users

KitKat has more than a fifth of Android users

Android 4.4 is now running on more than a fifth of Android devices, according to Google’s latest figures.

More...
Aerocool Dead Silence reviewed

Aerocool Dead Silence reviewed

Aerocool is well known for its gamer cases with aggressive styling. However, the Dead Silence chassis offers consumers a new choice,…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Thursday, 29 August 2013 09:18

Verizon close to buying Vodafone’s stake

Written by Nick Farrell



Will cost $130 billion

Verizon Communications is in advanced talks to buy Vodafone 45 percent stake in their US joint venture for about $130 billion. 

Verizon is working with several banks to raise $10 billion from each to finance about $60 billion of the deal and an announcement could come as soon as September 2, two of the people told Bloomberg. The Wall Street Journal reported earlier that the companies have restarted talks but it was not immediately clear whether they had resolved disagreements over price or whether Verizon has put forward a specific offer.

In April Verizon had hired advisers for a possible $100 billion bid and was contemplating a roughly 50:50 cash and stock offer for the 45 percent stake in Verizon Wireless which it does not already own. At the time analysts thought that the $100 billion figure contemplated by Verizon was too low and that the value of the Vodafone holding was nearer $120 billion.

It looks like something happened which bought the two sides together, perhaps Vodafone wanted to hold a better Christmas party this year.

Nick Farrell

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments