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UK: Verizon, AT&T deal would beat out record for largest M&A transaction ever

 |  April 2, 2013

According to reports, mobile wireless giants Verizon Communications and AT&T are advancing efforts to acquire Vodafone in a transaction that would become a new world record. Verizon would purchase Vodafone’s current 45 percent share in their current joint venture Verizon Wireless, while AT&T would acquire non-US assets from Vodafone – the deal is valued at $245 billion. Reports say the deal would easily out-value AOL’s 2000 $182 billion deal with Time Warner, the current record holder. Vodafone holds assets around the globe, including Egypt, India, and many throughout Europe as the second-largest mobile operator on the planet. Both Verizon and AT&T declined to comment on the matter.


Full Content: Fox Business

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