It's officially official: Verizon to buyout Vodafone for $130B, will gain full control of Verizon Wireless

It's officially official: Verizon to buyout Vodafone for $130B, will gain full control of Verizon Wireless
It was kind of official on Saturday. It was basically official yesterday. But today, it's officially official. Verizon has confirmed that the rumored deal that would have Verizon buying out Vodafone's 45% stake in Verizon Wireless is going to happen. Verizon has agreed to pay $130 billion in cash and stock to buyout Vodafone, which would finally give Verizon full control of Verizon Wireless.

In an official statement on the deal, Verizon CEO Lowell McAdam said:

Vodafone first invested in Verizon Wireless back in 1999, when it bought a 45% stake in the company for $70 billion. Verizon is expecting that this deal to buyout Vodafone will be completed as soon as Q1 2014, depending on any regulatory investigations. 

source: Verizon

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27 Comments

1. GrapeEyes

Posts: 248; Member since: Sep 01, 2013

Sell your house and use all your savings to buy Nokia shares. Within 1 year, Nokia shares will rise from $3.90 a share to $452 a share!! Nokia have 34 different style of phones coming out within the next year. The Nokia 1520 etc.... are going to be the most amazing phones on the market. Don't say I never warned you.

3. Atlas

Posts: 158; Member since: Apr 15, 2012

How do you know?

5. ghaniosman

Posts: 78; Member since: Jun 06, 2013

only ppl with grapeEyes can see that ;-)

6. Shatter

Posts: 2036; Member since: May 29, 2013

As long as Nokia uses windows phone that will never happen. Most people are not that retarded to actually buy a phone running WP8.

7. GrapeEyes

Posts: 248; Member since: Sep 01, 2013

Nokia already have plans to do premium Android phones with developers Adaia!! These phones will cost over $1000 and will have the most advanced technologies in the market. I cannot stress this enough, buy Nokia shares now!!!

14. TheLolGuy

Posts: 483; Member since: Mar 05, 2013

Ladies and Gentlemen, here is a desperate man who has heavily invested in Nokia only to have it's value tank soon after. Have a heart and bail him out with your hard earned money, won't you? Not.

20. Commentator

Posts: 3723; Member since: Aug 16, 2011

Why would anyone buy a phone that costs over $1000 when most mid-range phones already have more features than people use?

24. TROLL

Posts: 4851; Member since: Apr 13, 2012

Buying shares on a sinking strugling , needs supporting platform and brand! Yea more like buying shares on Android and iOS is safer! ®

23. TROLL

Posts: 4851; Member since: Apr 13, 2012

Well said Shatter® It's not old skool Nokia anymore which they had: E series N series X series 8 series 5 series 6 series 7 series 9 series Nokia is no longer Nokia! That Elop has killed and destroyed the mighty good old Nokia and now relying on that good for nothing WP platform! ®

11. PAPINYC

Posts: 2315; Member since: Jul 30, 2011

iNsider Trading is iLLegal.

15. ilani

Posts: 90; Member since: Dec 23, 2011

It really looks like grape-eyes is trying to scam everyone here with a pump and dump! (look it up)

25. GrapeEyes

Posts: 248; Member since: Sep 01, 2013

Are you for real, whoever invested would have had a 40% increase in 24hrs of investment. You should be thanking me. Just add www economictimes.indiatimes.com/markets/global-market​s/nokia-share-price-soars-40-per-cent-on-microsoft​-sale-news/articleshow/22251983.cms

27. Atlas

Posts: 158; Member since: Apr 15, 2012

Nokia have been bought by Microsoft, I'm guessing that's why their shares might go a little higher.

21. ajac09

Posts: 1482; Member since: Sep 30, 2009

then you woke up

2. InspectorGadget80 unregistered

Next thing we know Verizon will make more surcharge after buying Vodafone. but isn't Vodafone a U.K. company?

4. Atlas

Posts: 158; Member since: Apr 15, 2012

Maybe the branches here will change to Verizon Wireless

8. AppleIsGod

Posts: 56; Member since: Aug 27, 2012

Vodafone almost the 2x the amount, it invested.

9. laheelahee

Posts: 213; Member since: Apr 09, 2012

all i care about is whether Verizon will raise their prices >:(

10. Sparhawk

Posts: 75; Member since: Mar 10, 2012

It's more like "when" and "how much"

12. PAPINYC

Posts: 2315; Member since: Jul 30, 2011

If you think about it, they may be forced to lower them or run specials like T-Mobile; at least we know they're not desperate.

17. rightcue805

Posts: 55; Member since: Jul 08, 2013

they don't need to compete with T-mobile at all. I really don't think t-mobile is on the same level as verizon

22. PAPINYC

Posts: 2315; Member since: Jul 30, 2011

OMG, I must've still been on that recreational stuff from the holiday, don't know what I was thinking: forgive me Big Red, you are definitely not on the same level as T-Mobile(less), please don't take away my Unlimited Data!!?

16. ilani

Posts: 90; Member since: Dec 23, 2011

no need to raise prices! we here in Canada are ALL waiting to give our money to Verizon! we are just waiting for them to come up here already!

13. PAPINYC

Posts: 2315; Member since: Jul 30, 2011

Damn, if it weren't for the FCC, FTC & Anti-Trust Laws Verizon could also own AT&T as well as T-Mo! [To Sprint: no one wants you, sorry]

18. rightcue805

Posts: 55; Member since: Jul 08, 2013

AT&T should have bought out sprint.

19. thequota

Posts: 43; Member since: Apr 02, 2013

That's called a monopoly

26. rightcue805

Posts: 55; Member since: Jul 08, 2013

ya I know

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