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UK/US: Verizon bid may top $100B as third-largest acquisition ever

 |  April 26, 2013

As Verizon Communications is rumored to be taking action to acquire the rest of Verizon Wireless not already owned from UK-based Vodafone, reports say the deal may likely spill over $100 billion and become the third-largest acquisition in antitrust history. Verizon Communications has reportedly already hired advisors to prepare the deal. The move is just one more addition to a fury of recently high-profile merger reports within the world’s telecommunication industry. According to antitrust experts and economists, the trend can likely be due to Apple and the rise of the smartphone as wireless carriers fight to handle the influx of data used by those phones and look to finance new expansion plans through mergers. Earlier last week the shareholders of MetroPCS approved of a proposed buyout of T-Mobile; the news quickly followed reports that Dish Network was looking to buy Sprint for $25.5 billion.

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