Verizon May Be Getting Closer to Buying Out Vodafone
Apr 26th 2013 11:30PM
Updated Apr 27th 2013 10:25AM
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.
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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.
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