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Negotiators for Verizon Communications truly were laboring this holiday weekend, hammering out a $130 billion deal that will make Verizon the sole owner of Verizon Wireless.
Talks between Verizon and European communications giant Vodafone which owns 45 percent of VzW have been on again, off again for month. But last week it was reported that the companies were close to a deal, and the Wall Street Journal reported on Sunday that negotiators from the two sides have reached an agreement. If it happens, Verizon buying Vodafone’s stake in Verizon Wireless would be one of largest acquisitions in history, in any business sector. Boards from the two companies still need to approve it, but that could happen as early as Monday, the WSJ said.
Don’t expect any major regulatory hurdles since Verizon already is the majority owner and its subscribers would likely see little impact.
Verizon’s executives started openly discussing the possibility of a buyout earlier this year, setting the stage for what could be a historic announcement Monday.
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