Verizon to Buy Vodafone Out of Verizon Wireless
Verizon Communications today announced that it has agreed to buy the 45% of Verizon Wireless that it does not already own from Vodafone Group for $130 billion. Verizon will pay Vodafone primarily in cash and stocks. The deal was agreed upon by the management teams over the weekend and approved by the boards of directors at both firms today. Lowell McAdam, Verizon chairman and CEO, said, "This transaction will enhance value across platforms and allow Verizon to operate more efficiently, so we can continue to focus on producing more seamless and integrated products and solutions for our customers. We believe full ownership will provide increased opportunities in the enterprise and consumer wireline markets." Once complete, Verizon will have full control over Verizon Wireless and its assets. Vodafone will use the funds gained through the divestiture to fortify its European and other worldwide business ventures. The deal will be subject to regulatory and shareholder approval and is expected to close in the first quarter of 2014.
Feb 20, 2018
Google today released Google Pay, the revised payment application and service that replaces Android Pay. Google Pay encompasses most features of Google Wallet and Android Pay in a single app, allowing people to use Google Pay to make payments online and via mobile devices.
May 15, 2018
WhatsApp today added a handful of features to its group chat function that should improve the experience. For example, a new group description provides a short blurb that explains the purpose, topic, and guidelines behind each group.
Nov 7, 2017
Apple today released iOS 11.2 Beta 2 to public testers, one day after releasing the developer variant. Of note, iOS 11.2 Beta 2 introduces the Apple Pay Cash tool that Apple announced earlier this year.
Jan 8, 2018
Google today took steps to simplify its mobile and online payment products by combining them into a single service called Google Pay. Moving forward, Google Pay will encompass the features of Google Wallet and Android Pay.