Latest in Mobilepostcross

Image credit:

Verizon shareholders approve buyout of Vodafone stake, deal expected to close next month

Brad Molen
01.28.14
9 Shares
Share
Tweet
Share
Save

Sponsored Links

The next step in Verizon's buyout of Vodafone's 45 percent stake in the company is now complete. Shareholders held a special meeting to vote on the matter, and their consensus was to issue 1.3 billion shares to Vodafone shareholders to complete the transaction; in London, Vodafone shareholders also conducted a vote on the matter today as well, giving Verizon the green light. Now that this hurdle is out of the way, the last step is for the High Court of Justice of England and Wales to approve the deal (along with other customary closing procedures) -- and as long as everything works out, the transaction is expected to close on or around February 21st.

Verizon owns Engadget's parent company, Verizon Media. Rest assured, Verizon has no control over our coverage. Engadget remains editorially independent.

In this article: mobilepostcross, verizon, vodafone, vzw
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.
Comment
Comments
Share
9 Shares
Share
Tweet
Share
Save

Popular on Engadget

HyperX just made its Cloud Alpha gaming headset even better

HyperX just made its Cloud Alpha gaming headset even better

View
Spotify's Premium Family plans get an explicit content filter

Spotify's Premium Family plans get an explicit content filter

View
NVIDIA ray-tracing on 'Minecraft' looks surprisingly cool

NVIDIA ray-tracing on 'Minecraft' looks surprisingly cool

View
MIT experts find a way to reduce video stream buffering on busy WiFi

MIT experts find a way to reduce video stream buffering on busy WiFi

View
NASA selects proposals for smallsats built to study deep space

NASA selects proposals for smallsats built to study deep space

View

From around the web

Page 1Page 1ear iconeye iconFill 23text filevr