Thursday, August 29, 2013

Vodafone in Negotiations to Sell Off Verizon Wireless Stake

Vodafone today confirmed reports that it is in talks with Verizon Communications to sell its 45% stake of Verizon Wireless.

Verizon is working with banks to raise about $60 billion to help with the buyout. The total cost of the deal is said to between $100 and $130 billion.