Verizon May Be Getting Closer to Buying Out Vodafone

The Wall Street Journal and Reuters have reported that Verizon is readying its bid to buy the 45% share of Verizon Wireless owned by Vodafone . Verizon has made no secret that it would like to own all of Verizon Wireless as it provides the bulk of the U.S. carrier's operating profit.

Vodafone, however, may want more than Verizon is willing to pay. Right now, according to the anonymous sources cited by those news outlets, there is a $30 billion difference between what Verizon would offer and what Vodafone wants.

To make things a bit more interesting, last month the Financial Times reported that Verizon was working on a possible partnership with AT&T to buy out Vodafone completely.


There have been no confirmations of any deals from the companies involved.

For more information, check out the following video.

While investors are keeping watch on the possible Verizon/Vodafone dealilngs, they should also take a look at The Motley Fool's chief investment officer's pick for No. 1 stock for the year. Find out which stock it is in the brand-new free report: "The Motley Fool's Top Stock for 2013." Just click here to access the report and find out the name of this under-the-radar company.

The article Verizon May Be Getting Closer to Buying Out Vodafone originally appeared on Fool.com.

Fool contributor Dan Radovsky owns shares of AT&T. The Motley Fool recommends Vodafone. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Learn about investing from the comfort of your own home.

Portfolio Basics

Take the first steps to building your portfolio.

View Course »

Investment Strategies

Learn the strategies you need to build a winning portfolio

View Course »

Add a Comment

*0 / 3000 Character Maximum