MacNN Forums (http://forums.macnn.com/)
-   Tech News (http://forums.macnn.com/tech-news/)
-   -   Rumor: Verizon, AT&T in talks to acquire Vodafone, denied (http://forums.macnn.com/113/tech-news/499386/rumor-verizon-t-talks-acquire-vodafone/)

 
NewsPoster Apr 2, 2013 01:08 PM
Rumor: Verizon, AT&T in talks to acquire Vodafone, denied
Verizon and AT&T are said to be working together in order to acquire and then break apart <a href="http://macnn.com/rd/282382==http://www.vodafone.co.uk/" rel='nofollow'>Vodafone</a>, according to a rumor. After purchasing the British carrier, Verizon would in theory take control of Vodafone's 45-percent share of Verizon Wireless, while AT&T would own all assets located outside of the United States, though the rumor already appears to have been dismissed. <br />
<br />
A previous rumor <a href="http://macnn.com/rd/282383==http://www.electronista.com/articles/13/03/06/verizon.may.buy.out.115b.vodafone.stake.in.verizon .wireless/" rel='nofollow' target="_self" title="">reported</a> that Verizon and Vodafone were in talks to "resolve" their ownership-relationship in Verizon Wireless, with options on the table ranging from a full merger of the two companies, and a part or full buy-out of Vodafone's stake. A full buyout could cost Verizon as much as $115 billion. <br />
<br />
Sources of a report by <a href="http://macnn.com/rd/282384==http://ftalphaville.ft.com/2013/04/02/1443352/vodafone-verizon-a-245bn-solution/" rel='nofollow' target="_self" title="">the</a> <em>Financial Times</em> claim that the offer from AT&T and Verizon to take Vodafone would be at a 40-percent premium above Vodafone's current price, and would give it an enterprise value of $245 billion. Though AT&T would not benefit from the US assets, Vodafone does have a number of holdings around the world, including most of Europe, and would give AT&T a large and new customer base to sell to on the continent. <br />
<br />
Within hours of the original report going live, <em>Dealreporter</em> received <a href="http://macnn.com/rd/282385==http://www.dealreporter.com/public/default.asp?" rel='nofollow'>word</a> from their own source that Verizon is "not involved" in the reported bid. This has not stopped share prices for AT&T, Verizon, and Vodafone from rising on the speculation.
 
All times are GMT -4. The time now is 09:43 PM.

Copyright © 2005-2007 MacNN. All rights reserved.
Powered by vBulletin® Version 3.8.8
Copyright ©2000 - 2016, vBulletin Solutions, Inc.


Content Relevant URLs by vBSEO 3.3.2