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Verizon again trying to buy out Vodafone, this time for "well over $100B"

Posted: , by Michael H.

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Verizon again trying to buy out Vodafone, this time for
For those of you who don't know, Vodafone owns a 45% stake in Verizon Wireless. This is a fact that rankles Verizon constantly. Verizon has tried a number of times to work out a deal to buy out Vodafone, but it hasn't been able to make the deal yet. According to the Wall Street Journal, Verizon and Vodafone have started up talks again to try to arrange a buyout.

The talks between the two sides had said to have fallen off recently, but apparently have gotten very serious. The report says that Verizon is looking to buy out Vodafone for "well over $100 billion"; word has it that the talks have gotten serious enough that Verizon has even been talking to multiple banks about the loans for around $50 billion it would need in order to complete the deal.

Earlier this year, the two sides were quite far apart with Verizon said to be pushing for a deal closer to $100 billion, while Vodafone was asking for something around $130 billion. There's no word on where the number is right now, or how close the deal is to completion, but we'll let you know if any more news comes out.

source: WSJ

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posted on 28 Aug 2013, 20:40 1

1. lyndon420 (Posts: 5002; Member since: 11 Jul 2012)

That's just stupid amounts of money. Geez man like wtf.

posted on 28 Aug 2013, 20:51

2. bugsbunny00 (Posts: 2195; Member since: 07 Jun 2013)

go ahead verizon buy the vodafone 130 billion or more.

posted on 28 Aug 2013, 22:18 4

3. ProblemSolver15 (Posts: 356; Member since: 14 Jun 2010)

What does this have to do with Verizon lowering my rates? Lol

posted on 28 Aug 2013, 22:21 1

4. pyckvi (Posts: 48; Member since: 19 Dec 2010)

and I thought $25 Billion for sprint was insane...

posted on 29 Aug 2013, 00:27

6. zennacko (Posts: 237; Member since: 16 Jun 2013)

They should buy Apple, Google and Microsoft for 2 trillions and something, then buy a small country and move there to avoid taxes, seems fair to me.

posted on 28 Aug 2013, 23:26

5. Madarres (Posts: 12; Member since: 30 Mar 2012)

What's a billion or two between friends though...

posted on 29 Aug 2013, 00:32

7. zennacko (Posts: 237; Member since: 16 Jun 2013)

Let me get this straight: 45% of VZW is owned by Vodafone. Now, VZW wants to buy Vodafone (and their own stakes back). IF they succeed, stocks may rise, and if some individuals are allowed to get shares for themselves (not as Vodafone, but as parts of its stakeholders) they could make some quick and good buck out of it... but then, it's still a complicated, paradoxical thing. It's like "you own almost half of me, but somehow I've got enough funds to buy back this part of me you've bought before, AND YOU as a whole too!" :S

posted on 29 Aug 2013, 08:21 1

8. DFranch (Posts: 254; Member since: 20 Apr 2012)

I think Verizon wants to buy the 45% of verizon which Vodaphone owns. They are not trying to buy Vodaphone outright.

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