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APR 24, 2013 - MarketWatch

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Verizon seeks to buy out Verizon Wireless: report

LOS ANGELES (MarketWatch) -- U.S. telecom major and Dow industrials component Verizon Communications Inc. plans to bid $100 billion in cash and stock to take total ownership of its Verizon Wireless joint venture with U.K. peer Vodafone Group PLC , Reuters reported late Wednesday, citing two unnamed sources. Verizon already owns 55% of its namesake wireless JV and has hired banking and legal advisers to prepare the bid, the report said. The Verizon Communications board is expected discuss details of a tender at a meeting slated for next week, the report said.Market Pulse Stories are ... Read More

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