Reuters: Verizon lining up $100 billion bid to buy out Vodafone's share of VZW

Sponsored Links

Reuters: Verizon lining up $100 billion bid to buy out Vodafone's share of VZW

Word that Verizon would like to buy out Vodafone's 45 percent share of Verizon Wireless is hardly new, but Reuters reports it may finally be financially ready to take that step. According to unnamed sources, it's hired bank and legal advisers to prepare the bid, raising $50 billion in bank financing plus $50 billion in its own shares. Friendly discussions are said to start "soon," but if Vodafone is not interested it could take its bid public. It's probably no coincidence that the news is leaking just before Verizon's board meets to discuss a buyout before its regular shareholders meeting, but there are some potential complications. One holdup has been a potential hefty tax bill, but the Verizon CFO has been quoted saying he thinks that can be avoided, giving it more flexibility based on the cash generated by the wireless business.

Engadget was owned by Verizon between June 2015 and September 2021. Engadget's parent company is now Yahoo Inc.

All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.
Popular on Engadget