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Verizon, Vodafone Still In Talks Over VZW

Article Comments  22  

May 9, 2006, 11:57 AM   by (staff)

Vodafone is still considering offers from Verizon for the purchase of its share of Verizon Wireless. Although neither company will comment, sources have said the two are still talking but that Verizon has not made an offer that meets Vodafone's expectations. An unconfirmed report has said Verizon most recently offered $38 billion for Vodafone's stake, but that Vodafone is looking for $50 billion.

Reuters »

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This forum is closed.

norollovermin

May 9, 2006, 9:36 PM

ok.. so what does this mean to VZW workers

As we all know, VZ's workers have a union. They won't get canned. Hmmm... so if VZW is bought out by VZ, then VZW will become union... or will they lay off the whole customer service and sales teams, and use their own?

Anyone have a comment?
'If it ain't broke, don't fix it'
...
nextel18

May 10, 2006, 8:39 AM

Here we go again... (bid higher VZ!!!) my thoughts.

verizon offered $38B for vodafone's vzw (45%) stake? come on verizon offer highier!!!

it looks like they might becuase they are in talks to sell some lines for $8B more so perhaps verizon wont be that cheap and actually offer a good deal for vodafone's stake in vzw.

i think after they successfully buy out vodafone's stake they should do what alltel and sprint are doing by spinning off its landline/local division and focus primarily on wireless, since that is the future.
gunny

May 9, 2006, 1:04 PM

whats 12 billion between friends

They will eventually meet each other half way.
Well I'm not sure about that...

Voda doesn't seem to be in a hurry to sell, not sure they want to sell at all.
This idea was initiated by Verizon.

Voda should holdout for $50.
...
Are we playing by Price is Right rules? if so I bid one dollar 😁

44.25
...
barryefau

May 9, 2006, 8:01 PM

The More VZW Pays, the More Taxes Voda Pays

I'm sure the 38b is @ the price VZW will pay. It probably has to do with the perfect calculation. How much did Voda Orig pay, how much cap gains are they facing to what they'll end up paying to Uncle Sam.

#1
Maybe Voda takes VZW offer and gets paid 38bil, voda gets nailed paying 3bil in taxes making their total profit 35bil. But VZW might throw in the part of the Voda-Italia to make up the rest of the cost.

Ok #2
Voda Holds out for 50bil and gets it, but they get hammered with a larger tax bill and then voda would have to buy the rest of vzw's steak of it's Italian Company, which is estimated @ 10bil.

So who really knows what the math is, they have hands in each others pockets and this could make for some pretty creative foot-wor...
(continues)
deviljin

May 9, 2006, 1:04 PM

DAMN $50 MILLION

😁 I wish I could get some that money.
should be BILLION! 😁
...
 
 
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