TechHive: Verizon, Vodafone reportedly close to $130 billion deal

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Verizon, Vodafone reportedly close to $130 billion deal Sep 2nd 2013, 15:45, by Elizabeth Heichler Verizon and Vodafone are close to a deal that will see the U.S.-based carrier buy out the U.K. company's stake in Verizon Wireless for US$130 billion, according to press reports. Vodafone last week confirmed negotiations for the buy-out of its 45-percent stake, a deal that is not seen as having much impact on Verizon Wireless customers. Negotiators for both companies have agreed on terms of a cash and stock transaction, but both boards must still approve the deal, the Wall Street Journal reported. The expectation that interest rates could rise may be driving Verizon to close on the buy-out, which it has been seeking for some time, analysts said last week. Higher interest rates would drive up the cost of financing the deal. To read this article in full or to leave a comment, please click here Media files: verizon-logo-100029573-small.jpg

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