[Sprint's merger with Nextel is expected to be announced later today while Verizon continues to push forward with plans to bid for Sprint. The WSJ reports Verizon has gained approval for a takeover bid from partner Vodafone.]

New York -- "Verizon Communications has gained the backing of partner Vodafone Group to bid for Sprint Corp. in a move that could thwart Sprint's potential $35 billion bid for Nextel Communications, the Wall Street Journal reported on Tuesday."

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