Verizon may offer $100B to buy Verizon Wireless from Vodafone

Verizon Wireless logo

Verizon Wireless may be an American wireless carrier, but its controlling companies are split between the US and the UK. US communications company Verizon owns 55 percent of Verizon Wireless, while the remaining 45 percent is held by Vodafone. According to a report in Reuters, Verizon may offer Vodafone $100B in cash and stock options to take full control over the wireless company.

Verizon is allegedly in the early stages of any deal and has not made a formal offer. The company supposedly has hired bankers and legal advisers to help them craft a takeover bid. Verizon, in the past, has expressed an interest in buying out Verizon Wireless, but sources tell Reuters the communications company is ready to make an aggressive push to acquire the wireless carrier.

[Via Reuters]

 

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