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Verizon agrees to stake from Vodafone for $130B

2013-09-02 19:58:38| IT Services - Topix.net

With her lips and tongue swollen, U.S. endurance swimmer Diana Nyad edged closer to Florida on Monday in her attempt to become the first person to swim the treacherous waters from Cuba to Key West without a shark... With her lips and tongue swollen, U.S. endurance swimmer Diana Nyad edged closer to Florida on Monday in her attempt to become the ... (more)

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Vodafone sells $130bn Verizon stake

2013-09-02 19:26:00| BBC News | Business | UK Edition

UK telecoms giant Vodafone confirms the sale of its 45% stake in US-based Verizon Wireless for $130bn (84bn).

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Verizon, Vodafone Reach $130 Billion Deal To Buy Wireless Unit Stake

2013-09-02 11:22:55| Telecom - Topix.net

Verizon Communications reached a $130 billion deal to buy out the 45 percent stake in Verizon Wireless it does not already own from Vodafone Group, The Wall Street Journal reported Sunday, saying an announcement could come as early as Monday.

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Vodafone values Verizon Wireless stake at USD 130 bln

2013-09-02 08:37:00| Telecompaper Headlines

(Telecompaper) Vodafone has confirmed the price tag for its 45 percent stake in Verizon Wireless, at USD 130 billion. Responding to press speculation that a deal to sell the stake to Verizon Communications is imminent, the company said in a statement that the payment would be a mixture of Verizon shares and cash. People familiar with the matter told the Wall Street Journal that a deal could be announced as early as 02 September. Vodafone would pay about USD 5 billion in tax on the sale, while also receive Verizon's stake in Vodafone Italia, which is valued at about USD 5 billion as part of the payment, the Financial Times reported. The remaining USD 120 billion would be split equally between cash and equity in Verizon, according to the paper's sources.

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Verizon Buyout Of Vodafone's US Stake Could Become Official Monday

2013-09-01 18:54:10| Telecom - Topix.net

Officials from Verizon and Vodafone will be working hard this Labor Day weekend, putting the finishing touches on the largest takeover deal in over a decade, according to various media reports.

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