In what is the third-largest M&A deal in history, Verizon Communications will pay $130 billion to acquire joint venture partner Vodafone Group's 45 percent stake in Verizon Wireless, while Microsoft Corp. announced it will buy Nokia's mobile phone business for $7.2 billion.
September 05, 2013 at 12:00 AM
1 minute read
In what is the third-largest M&A deal in history, Verizon Communications will pay $130 billion to acquire joint venture partner Vodafone Group's 45 percent stake in Verizon Wireless.
The British telecom giant will receive $58.9 billion in cash and $60.2 billion in shares from Verizon to cede control of Verizon Wireless, the largest mobile network operator by subscribers in the United States.
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