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Verizon eyes $100 billion bid for Vodafone's Wireless stake
Posted: 25-Apr-2013 [Source: Reuters]

[Verizon is preparing a $100B bid for control of Verizon Wireless according to this report from Reuters.]

New York and London -- "Verizon Communications has hired advisers to prepare a possible $100 billion bid to take full control of Verizon Wireless from its partner Vodafone, two people familiar with the matter said.

The two sources said Verizon was considering a 50:50 cash and stock bid for the 45 percent stake it does not already own, an asset it has long coveted but that Vodafone will take some persuading to give up. It has not put a proposal to Vodafone yet but has hired both banking and legal advisers for a possible offer, the sources said."

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