A new report claims that two unlikely partners may team up to acquire the world’s second-largest mobile carrier. According to the Financial Times, Verizon (VZ) and AT&T (T) are working on a breakup bid for European carrier Vodafone (VOD) that would value the company at $245 billion, a 40% premium over its current valuation of $115. The deal would see Verizon take control of the 45% stake Vodafone currently owns in Verizon Wireless, while Vodafone’s business outside of the U.S. would go to AT&T. Earlier reports suggested that Verizon and Vodafone were actively discussing ways to resolve their relationship in the form of a merger or possibly a full or partial buyout.
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- Mergers, Acquisitions & Takeovers
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- Verizon Wireless