Verizon and Vodafone Agree to $130 Billion Deal
Vodafone has agreed to sell its 45% stake in Verizon Wireless to Verizon Communications for $130 billion, according to The Wall Street Journal. The deal is not yet official, and must still be approved by the companies' boards of directors. That approval and an official announcement may come as soon as Monday, says the Journal. Vodafone's board planned to meet today to discuss the matter, and Verizon's board will convene once Vodafone's board comes to a decision. The deal will give Verizon Communications 100% control over Verizon Wireless, which has until now been a joint venture.
Verizon to Buy Yahoo's Internet Business for $4.8B
Verizon Communications today said that it has agreed to buy Yahoo's core internet and search businesses for $4.83 billion. Yahoo's properties will join AOL under Verizon's ownership, to be managed by Marni Walden, EVP and President of the Product Innovation and New Businesses organization at Verizon.
Verizon Picks Up XO's Fiber Network to Beef Up Backhaul
Verizon Communications today said it has agreed to acquire XO Communications' fiber business for $1.8 billion. The deal, says Verizon, will help it serve its enterprise and wholesale customers, as well as allow Verizon to further densify its cellular network.
T-Mobile, Sprint On the Verge of Announcing Merger: Reports
T-Mobile and Sprint are once again weighing a merger between the two businesses and may make an announcement as soon as Sunday, according to multiple reports. Unnamed sources cited by Bloomberg, Reuters, the Wall Street Journal, and the New York Times all suggest the two companies, which have flirted with one another for years, are back at the table hammering out a deal.
Verizon Closes Yahoo Acquisition, Launches Oath
Verizon Communications today said it has finalized its purchase of Yahoo. Now that the deal is complete, Verizon is merging its Yahoo and AOL assets into a new media company called Oath.
Verizon and Hearst to Acquire Complex for Mobile Content
Verizon Communications and Hearst have agreed to acquire Complex, a media organization founded by Mark Ecko that creates content for young adult audiences. Under the terms of the agreement, Verizon and Hearst will each own 50% of Complex through a joint venture.
It Finally Happened
I wonder if Vodaphone will now buy Sprint or T-Mobile or rather take the money and run.